$2,553 Closing Credit*
$215,000
3 Beds
•2 Full Baths
Listing Office: Tarrant And Harman Real Estate
Is Jersey Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Jersey Township has remained a Seller's Market.
Key Takeaway
Jersey Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jersey Township, IL
How much do homes in Jersey Township, IL cost?
Median Sold Price
$145,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,500(+5.5%)
Key Takeaway
Homes in Jersey Township have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Jersey Township was $145,000 in November 2024, up 5.5% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $43.2K | - | N/A |
| 2 Bedrooms | $89.9K | $96K | +6.7% |
| 3 Bedrooms | $152K | $167.5K | +10.2% |
| 4 Bedrooms | $191.9K | $249K | +29.7% |
| 5+ Bedrooms | $289K | - | N/A |
Summary: Jersey Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jersey Township | $137.5K | $145K | +5.5% |
| Jerseyville | $141K | $148.5K | +5.3% |
Housing Supply in Jersey Township, IL
How many homes are available in Jersey Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The Jersey Township real estate market had 40 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jersey Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jersey Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Jersey Township in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Jersey Township, IL
How long does it take to sell a home in Jersey Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 31 Days | -9.3% |
Summary: Homes in Jersey Township had an average of 31 days on market in Nov 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jersey Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Jersey Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.