Is Jersey County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jersey County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Jersey County has remained a Seller's Market.

Key Takeaway

Jersey County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jersey County, IL

How much do homes in Jersey County, IL cost?

Median Sold Price

$145,000

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,625(+8.7%)

Key Takeaway

Homes in Jersey County have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Jersey County was $145,000 in March 2024, up 8.7% from last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $55K$45.2K
-17.7%
2 $80.5K$100K
+24.2%
3 $146K$158K
+8.2%
4 $196.2K$215K
+9.6%
5+ $219K$245K
+11.9%

Summary: Jersey County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Counties

Greene County
+11.8%
Jersey County
+8.7%
Saint Charles County
+5.6%
Macoupin County
+1.5%

Housing Supply in Jersey County, IL

How many homes are available in Jersey County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4448+9.1%

Summary: The Jersey County real estate market had 48 homes for sale in March 2024, a 9.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1316
+23.1%
3 2320
-13.0%
4 610
+66.7%
5+ 22
0.0%

Summary: The Jersey County 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 23.1%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jersey County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Jersey County in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.

Days on Market for Jersey County, IL

How long does it take to sell a home in Jersey County, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
105 Days25 Days-75.6%

Summary: Homes in Jersey County had an average of 25 days on market in Mar 2024, down by 75.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jersey County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 12 homes were sold in Jersey County; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Jersey County, IL

Nearby Markets to Jersey County, IL

What housing markets are near Jersey County, IL?