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IL Avg Real Estate Commission Rate in East St. Louis, Illinois

East St. Louis is a city in St. Clair County, Illinois, across the Mississippi River from St. Louis, Missouri, in the Metro-East region of Southern Illinois. Once a bustling industrial center like many cities in the Rust Belt, East St. Louis has been severely affected by loss of jobs due to deindustrialization during the second half of the 20th century. In 1950, East St. Louis was the fourth largest city in Illinois when population peaked at 82,366. As of the 2010 census, the city had a population of 27,006, less than one-third of the 1950 census.

One of the highlights of the city's waterfront is the Gateway Geyser. Located on the grounds of Malcolm W. Martin Memorial Park, the fountain is the second-tallest in the world. Designed to complement the Gateway Arch across the river in St. Louis, it shoots water to a height of 630 feet (190 m), the same height as the Arch.

 

East St. Louis, Illinois Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in St. Louis, MO-IL, Illinois. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In East St. Louis, Illinois, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Illinois, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Bloomington $156,700 2.00%
Cape Girardeau $146,500 -1.50%
Champaign-Urbana $152,300 4.90%
Chicago-Naperville-Elgin, IL-IN-WI $264,300 7.30%
Davenport-Moline-Rock Island, IA-IL $129,500 3.20%
Decatur $107,400 12.30%
Kankakee $128,400 -5.30%
Peoria $125,900 4.50%
Rockford $122,500 12.40%
St. Louis, MO-IL $174,000 2.20%
Springfield $129,800 -9.30%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Illinois.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2000, there were 31,542 people, 11,178 households, and 7,668 families residing in the city. The population density is 2,242.9 people per square mile (866.2/km²). There are 12,899 housing units at an average density of 917.2 per square mile (354.2/km²). The racial makeup of the city was 97.74% Black or African-American, 1.23% White, 0.19% Native American, 0.08% Asian-American, 0.03% Pacific Islander, 0.19% from other races, and 0.55% from two or more races. Hispanic or Latino of any race were 0.73% of the population.

There were 11,178 households out of which 33.2% had children under the age of 18 living with them, 21.9% were married couples living together, 40.6% had a female householder with no husband present, and 31.4% were non-families. 27.8% of all households were made up of individuals and 10.4% had someone living alone who was 65 years of age or older. The average household size was 3.80 and the average family size was 4.02.

In the city, the population was spread out with 32.8% under the age of 18, 9.7% from 18 to 24, 24.6% from 25 to 44, 20.3% from 45 to 64, and 12.5% who were 65 years of age or older. The median age was 31 years. For every 100 females there were 81.5 males. For every 100 females age 18 and over, there were 72.5 males.

The median income for a household in the city was $21,324, and the median income for a family was $24,567. Males had a median income of $27,864 versus $21,850 for females. The per capita income for the city was $11,169. About 31.8% of families and 35.1% of the population were below the poverty line, including 48.6% of those under the age of 18 and 25.2% of those 65 ages and older.

 

CRIME:

A 2007 study in the journal Homicide Studies noted that "East St. Louis has consistently experienced a high violent crime rate and continues to report a substantial number of annual homicides." In 2013, the per capita homicide rate in East St. Louis was about 18 times the national average, and had the highest homicide rate of any city in the United States.

According to the FBI Uniform Crime Reports, in 2015 East St. Louis (then with a population of 26,616), had 19 cases of murder and non-negligent manslaughter, 42 cases of rape, 146 cases of robbery, 682 cases of aggravated assault, and 12 cases of arson. In 2016, NeighborhoodScout released rankings indicating that East St. Louis had the highest murder rate of any city in the United States.

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - East St. Louis - Illinois