Millstadt, IL Home Values & Market Trends

Real estate market trends reflect that there have been 125 transactions over the past year in Millstadt. The median value for residential home transactions that occurred over the previous year is $286,533.71. The number of current listings in Millstadt is 9, and the percentage of properties for sale in the city is 9.00%. Millstadt, IL currently has 7 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 9 properties for sale.

Millstadt, IL Real Estate Market Overview

ZipMedian Est. Value
62260

$ 230,667

$ 132/sqft

Housing Market Summary for Millstadt, IL

Apr 2023March 2024Change
Median Listing Price$385K$256.8K-33.29%
Median Sold Price$252K$256.8K1.92%
Homes For Sale61066.67%
Homes Sold8978-12.36%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Millstadt, IL

Millstadt home values range from $26,672 to $5,991,218. The median estimated value of a home in Millstadt is $286,533.71. The median list price of a home is 250,000, and the total count of properties in the city is 2,819.

Foreclosure
There is 1 zips within Millstadt, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $489,535 in 62260 to the lowest value of $57,750 in 62260. Foreclosure homes account for 0.00% of properties in Millstadt, IL with 62260 containing 7 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.21% of all residential properties in Millstadt, IL with 62260 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Millstadt, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $489,535 in 62260 to the lowest home value of $170,104 in 62260.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Millstadt, IL ranges from the highest value of $57,750 in 62260 to the lowest value of $57,750 in 62260. Bank owned homes and properties account for 0.04% of properties in Millstadt, IL. There is 1 zips within Millstadt, IL; 62260 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Millstadt, IL. Auction homes and other auction properties account for 0% of all properties in Millstadt, IL. There is 1 zips within Millstadt, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.32% of residential properties in Millstadt, IL with 62260 containing 9 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Millstadt, IL; homes for sale in that zips, have a range of median values from $675,000 in 62260 to the lowest value of $30,250 in 62260.
    Sold Homes
    The median value for recently sold homes ranges from $863,214 in 62260 to the lowest price of $45,390 in 62260. There is 1 zips within Millstadt, IL. 62260 has 93 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.30% of properties in Millstadt, IL.

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      Guide for Millstadt, IL

      Market Reports
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      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.