Is Jackson County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jackson County was a Seller's Market.
Housing Prices in Jackson County, IL
How much do homes in Jackson County, IL cost?
Median Sold Price
$129,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jackson County was $129,000 in March 2024, up 4% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $34.9K | $63K | +80.5% |
2 Bedrooms | $64K | $70K | +9.4% |
3 Bedrooms | $125.4K | $132.2K | +5.5% |
4 Bedrooms | $185K | $173.5K | -6.2% |
5+ Bedrooms | $320K | $282.3K | -11.8% |
Summary: Jackson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.5%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Counties
Union County | $110K | $133.5K | +21.4% |
Randolph County | $126K | $134.5K | +6.7% |
Jackson County | $124K | $129K | +4.0% |
Perry County | $105K | $93K | -11.4% |
Housing Supply in Jackson County, IL
How many homes are available in Jackson County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
193 | 206 | +6.7% |
Summary: The Jackson County real estate market had 206 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 37 | 41 | +10.8% |
3 Bedrooms | 92 | 102 | +10.9% |
4 Bedrooms | 48 | 42 | -12.5% |
5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Jackson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Jackson County in March 2024, down by 14.3% month-over-month. Of the 23 sold homes, 65% were sold under asking, 22% were sold at asking, and 13% were sold over asking.
Days on Market for Jackson County, IL
How long does it take to sell a home in Jackson County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 43 Days | -32.7% |
Summary: Homes in Jackson County had an average of 43 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Jackson County; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.