Is Jacksonville, 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, Jacksonville has remained a Seller's Market.
Housing Prices in Jacksonville, IL
How much do homes in Jacksonville, IL cost?
Median Sold Price
$127,500
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jacksonville was $127,500 in March 2024, up 4.5% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.4K | $46.5K | -40.7% |
2 Bedrooms | $80K | $96.5K | +20.6% |
3 Bedrooms | $131K | $144.9K | +10.7% |
4 Bedrooms | $134K | $215K | +60.4% |
5+ Bedrooms | $192K | $249.9K | +30.2% |
Summary: Jacksonville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.7%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 60.4%, and 5+ bedroom homes increased by 30.2%.
Housing Supply in Jacksonville, IL
How many homes are available in Jacksonville, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 58 | +16.0% |
Summary: The Jacksonville real estate market had 58 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 19 | 27 | +42.1% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Jacksonville 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 decreased by 8.3%, 3 bedroom homes increased by 42.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Jacksonville in March 2024, up by 54.5% month-over-month. Of the 17 sold homes, 76% were sold under asking, 24% were sold at asking, and 0% were sold over asking.
Days on Market for Jacksonville, IL
How long does it take to sell a home in Jacksonville, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 41 Days | -19.7% |
Summary: Homes in Jacksonville had an average of 41 days on market in Mar 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Jacksonville; 65% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.