Is East Carondelet, IL 62240 a buyer’s or seller’s market?
East Carondelet is a seller’s market. With about 0.8 months of supply and 75% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The East Carondelet housing market right now
In the three months ending August 31, 2026, 75% of homes in East Carondelet, IL 62240 sold above their list price, the typical home went under contract in 20 days and there were 0.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 60%, homes sold faster (36 days then) and the median sale price fell 23% to $142,438. Overall, East Carondelet is more competitive than a year ago, so tougher for buyers.
Within St. Clair County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Summerfield 62289 (0% sold over asking) or Saint Libory 62282 (0% sold over asking).
Run the numbers for 62240
Nearby markets
Belleville 62220Seller’s market $112 /sq ftBelleville 62221Seller’s market $136 /sq ftBelleville 62223Seller’s market $116 /sq ftBelleville 62226Seller’s market $120 /sq ft Browse all markets →Towns like East Carondelet nearby
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Questions about East Carondelet real estate
Is East Carondelet a buyer’s or seller’s market?
A seller’s market: there were 0.8 months of supply in East Carondelet, IL 62240 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in East Carondelet?
The typical home went under contract in 20 days in the latest three months.
Do homes in East Carondelet sell over asking?
75% of homes sold above their original list price, and the typical sale closed at 104.9% of the list price.
What are property taxes in East Carondelet?
About 2.03% of a home’s value a year in St. Clair County, or roughly $8,120 on a $400,000 home.
What is the median home price in East Carondelet?
The median sale price was $142,438 in the three months ending August 31, 2026, about $81 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology