Is Jefferson Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jefferson Park has remained a Seller's Market.
Housing Prices in Jefferson Park, IL
How much do homes in Jefferson Park, IL cost?
Median Sold Price
$396,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jefferson Park was $396,000 in April 2024, up 1.5% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142K | $142.7K | 0.5% |
2 Bedrooms | $261K | $290K | +11.1% |
3 Bedrooms | $395.1K | $397.5K | +0.6% |
4 Bedrooms | $445K | $452.5K | +1.7% |
5+ Bedrooms | $522.5K | $540K | +3.3% |
Summary: Jefferson Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in Jefferson Park, IL
How many homes are available in Jefferson Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 70 | +4.5% |
Summary: The Jefferson Park real estate market had 70 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Jefferson Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 28 | +55.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Jefferson Park in April 2024, up by 55.6% month-over-month. Of the 28 sold homes, 29% were sold under asking, 18% were sold at asking, and 54% were sold over asking.
Days on Market for Jefferson Park, IL
How long does it take to sell a home in Jefferson Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 21 Days | -52.7% |
Summary: Homes in Jefferson Park had an average of 21 days on market in Apr 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Jefferson Park; 82% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.