Is Jersey Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Jersey Township has remained a Seller's Market.
Housing Prices in Jersey Township, IL
How much do homes in Jersey Township, IL cost?
Median Sold Price
$130,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jersey Township was $130,000 in March 2024, up 4% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45.5K | $39K | -14.3% |
2 Bedrooms | $79K | $97.5K | +23.4% |
3 Bedrooms | $147.5K | $149.5K | +1.4% |
4 Bedrooms | $198.7K | $209.5K | +5.4% |
5+ Bedrooms | $219K | $289K | +32.0% |
Summary: Jersey Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 32%.
Median Sold Price Compared To Nearby Cities
Jerseyville | $124.2K | $133.9K | +7.9% |
Jersey Township | $125K | $130K | +4.0% |
Housing Supply in Jersey Township, IL
How many homes are available in Jersey Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Summary: The Jersey Township real estate market had 30 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jersey Township 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 30%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Jersey Township in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
118 Days | 32 Days | -72.8% |
Summary: Homes in Jersey Township had an average of 32 days on market in Mar 2024, down by 72.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Jersey Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.