$2,196 Closing Credit*
$184,900
2,200 SqFt
4 Beds
•3 Full Baths
Jered Dennis, Listing Office: Keller Williams Capital
Is Jerome, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Jerome has remained a Seller's Market.
Key Takeaway
Jerome is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jerome, IL
How much do homes in Jerome, IL cost?
Median Sold Price
$142,250
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$9,250(+7.0%)
Key Takeaway
Homes in Jerome have sold for 7% more than they did a year ago.
Summary: The median home sold price in Jerome was $142,250 in September 2024, up 7% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $73K | -2.7% |
| 2 Bedrooms | $118.9K | $140K | +17.7% |
| 3 Bedrooms | $148K | $140K | -5.4% |
| 4 Bedrooms | $165K | $196K | +18.8% |
| 5+ Bedrooms | - | $211K | N/A |
Summary: Jerome housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Woodside Township | $125K | $145K | +16.0% |
| Leland Grove | $288K | $322.4K | +12.0% |
| Springfield | $149.7K | $165.1K | +10.3% |
| Jerome | $133K | $142.2K | +7.0% |
| Capital Township | $154.9K | $165.4K | +6.8% |
Housing Supply in Jerome, IL
How many homes are available in Jerome, IL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The Jerome real estate market had 8 homes for sale in September 2024, a 27.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Jerome housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jerome, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Jerome in September 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Jerome, IL
How long does it take to sell a home in Jerome, IL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 17 Days | 1 Days | -89.4% |
Summary: Homes in Jerome had an average of 1 days on market in Sep 2024, down by 89.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jerome are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Jerome; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.