Swansea, IL Housing Market Update: Prices Up, Inventory Tightening
Swansea, IL – March 16, 2026 – Home values rose over the past year as inventory stayed limited, with steady rents and ongoing new construction activity.
Swansea housing snapshot
- Typical home value: $256,340, up 3.4% year over year (through Jan. 31, 2026).
- Median sale price: about $285K in December 2025, up sharply from a year earlier.
- Inventory remains relatively tight, with 32 homes listed at the end of January.
- Average apartment rent: $1,320, up 0.55% year over year.
Home values in Swansea continue to edge higher, with Zillow’s index placing the typical home at $256,340 as of January 31, 2026. Median list price at that time was about $268,267, reflecting steady pricing across much of the village.
Redfin reports a median sale price near $285,000 in December 2025, with homes taking a median 49 days to go under contract. Sales volume was lower than a year ago, suggesting buyers are selective while sellers test higher price points.
What’s for sale
Active listings span entry-level homes under $150K to new construction above $400K. Recent offerings include:
- All-brick ranch and traditional two-story homes generally priced between $240K and $340K.
- New construction in the $370K to $540K range, including buildable plans and move-in-ready properties.
With 32 homes on the market at the end of January, choices remain limited compared with pre-2020 norms, particularly for updated three- and four-bedroom homes.
Rent and development notes
For renters, the average apartment rent is $1,320, with one-bedroom units averaging $1,127 and two-bedrooms around $1,402. Annual rent growth has been modest, under 1%, offering some stability compared with sharper increases seen in prior years.
On the development side, the Village’s Building and Zoning Department continues to process residential, mechanical, electrical and solar permits. The Planning and Zoning Board maintains a regular monthly meeting schedule, providing a pathway for subdivision, zoning and new-build proposals as 2026 progresses.
Bottom line: Prices are holding firm with modest appreciation, inventory remains constrained, and new construction is an important part of the supply mix. Buyers may find opportunities in longer days on market, while sellers still benefit from limited competition.
What are you seeing in your neighborhood — more listings, price cuts, or multiple-offer situations?
Sources
https://www.zillow.com/home-values/140563/summit-swansea-il/
https://www.redfin.com/city/18834/IL/Swansea/housing-market
https://www.zillow.com/swansea-il/
https://www.rentcafe.com/average-rent-market-trends/us/il/st-clair-county/swansea/
https://www.swanseail.org/1084/Building-Zoning