Home values up in St. Clair County, but so are prices. The latest from realtors, Zillow

Meredith Howard
·2 min read

Many areas in St. Clair County are seeing median home values increase as the real estate market favors sellers and prices remain high despite a slow in sales.

The average median home value in and near St. Clair County is $167,400, according to data from June 2022 to June 2023 from the Zillow Home Value Index. That’s a 9.1% year-to-year increase.

The St. Clair County-area ZIP code with the lowest median home value was 62205, which was at $42,260. The ZIP code with the greatest decrease in median home value was 63106, with a 5.94% decline bringing the figure to $106,332.

ZIP code 63108, located in Missouri’s Central West End neighborhood, had the greatest median home value at $415,434. The ZIP code saw a 5.16% increase in median home values from June 2022 to June 2023.

Explore more changes in median home values in the St. Louis region, from the Zillow Home Value Index:

Note: This interactive graphic will automatically update as new data becomes available. The map shows ZIP codes in and around the boundaries of St. Clair County.

How have home sales and prices changed in Illinois?

Home sales have slowed by 20.3% in Illinois from last year while prices have increased 2.1%, according to a joint report from the Illinois Realtors and the University of Illinois. Figures compare June 2022 data to June 2023.

The Illinois Realtors and University of Illinois’ real estate forecast says it is likely the decline in sales will continue through August and September.

The Southwestern Illinois Board of Realtors wrote in a report including data through May, the most recent available, the region has seen similar trends to the whole of the state. The metro-east had a decrease in sales and an increase in prices, while the housing inventory level has remained stable at 1.9 months of supply. The report includes data from St. Clair, Madison, Monroe, Randolph, Jersey, Calhoun and Bond counties, as well as portions of Macoupin and Clinton counties.

Across the river, the St. Louis Realtors association reports closed sales are down 18% from last year, while the median sale price is up 3.7% in St. Louis City and county for single-family homes. Townhomes and condominiums have seen closed sales drop 23.5% and median prices increase 4.7%.

“Months supply of inventory increased by 6.7% for residential homes and 25% for townhouse/condo homes,” the St. Louis Realtors report continued.

A four- to five-month supply of inventory is considered average, according to real estate site Redfin. In St. Louis, the supply is 1.6 months for single-family homes and 1.5 months for condos and townhomes, indicating the market is favorable for sellers.