Is Jarvis 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, Jarvis Township has remained a Seller's Market.
Key Takeaway
Jarvis Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jarvis Township, IL
How much do homes in Jarvis Township, IL cost?
Median Sold Price
$320,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jarvis Township have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Jarvis Township was $320,000 in March 2024, up 18.5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61K | - | N/A |
| 2 Bedrooms | $130K | $172.7K | +32.9% |
| 3 Bedrooms | $220K | $276.5K | +25.7% |
| 4 Bedrooms | $335.7K | $424.1K | +26.3% |
| 5+ Bedrooms | $444.2K | $350K | -21.2% |
Summary: Jarvis 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 32.9%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Troy | $275K | $333.7K | +21.4% |
| Jarvis Township | $270K | $320K | +18.5% |
| Pin Oak Township | $393.9K | $425K | +7.9% |
| O Fallon | $300.8K | $315.3K | +4.8% |
| Saint Jacob Township | $237K | $220K | -7.2% |
Housing Supply in Jarvis Township, IL
How many homes are available in Jarvis Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 63 | +23.5% |
Summary: The Jarvis Township real estate market had 63 homes for sale in March 2024, a 23.5% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Jarvis 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 increased by 33.3%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 16 | +128.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jarvis Township, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Jarvis Township in March 2024, up by 128.6% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Jarvis Township, IL
How long does it take to sell a home in Jarvis Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +12.6% |
Summary: Homes in Jarvis Township had an average of 37 days on market in Mar 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jarvis Township has remained consistent over time.
Summary: During March 2024, 16 homes were sold in Jarvis Township; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.