Is Jackson Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Jackson Township has remained a Seller's Market.
Housing Prices in Jackson Township, IL
How much do homes in Jackson Township, IL cost?
Median Sold Price
$300,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jackson Township was $300,000 in March 2024, up 9.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $247.5K | +10.0% |
3 Bedrooms | $275K | $289.9K | +5.5% |
4 Bedrooms | $335K | $359.9K | +7.5% |
5+ Bedrooms | $285K | $429K | +50.5% |
Summary: Jackson Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 50.5%.
Median Sold Price Compared To Nearby Cities
Elwood | $240K | $315K | +31.3% |
Manhattan | $298.6K | $368K | +23.2% |
Manhattan Township | $315K | $370.5K | +17.6% |
Jackson Township | $275K | $300K | +9.1% |
Housing Supply in Jackson Township, IL
How many homes are available in Jackson Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Summary: The Jackson Township real estate market had 20 homes for sale in March 2024, a 9.1% decrease 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 | 5 | 5 | 0.0% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Jackson Township 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Jackson Township in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Jackson Township, IL
How long does it take to sell a home in Jackson Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 54 Days | +27.6% |
Summary: Homes in Jackson Township had an average of 54 days on market in Mar 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Jackson Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.