Is Jefferson County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Jefferson County was a Seller's Market.
Housing Prices in Jefferson County, IL
How much do homes in Jefferson County, IL cost?
Median Sold Price
$140,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Jefferson County was $140,000 in February 2024, up 12% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $56.1K | -46.5% |
2 Bedrooms | $62K | $78.5K | +26.6% |
3 Bedrooms | $127.2K | $142.2K | +11.8% |
4 Bedrooms | $218.5K | $199.5K | -8.7% |
5+ Bedrooms | $298K | $263.2K | -11.7% |
Summary: Jefferson County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.5%, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Counties
Hamilton County | $95.7K | $122.5K | +27.9% |
Marion County | $103.7K | $120.5K | +16.1% |
Jefferson County | $125K | $140K | +12.0% |
Washington County | $140.2K | $145K | +3.4% |
Franklin County | $87.7K | $85K | -3.2% |
Housing Supply in Jefferson County, IL
How many homes are available in Jefferson County, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
61 | 65 | +6.6% |
Summary: The Jefferson County real estate market had 65 homes for sale in February 2024, a 6.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 31 | 29 | -6.5% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Jefferson County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Jefferson County in February 2024, down by 33.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Jefferson County, IL
How long does it take to sell a home in Jefferson County, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 43 Days | +39.1% |
Summary: Homes in Jefferson County had an average of 43 days on market in Feb 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Jefferson County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.