Is Jerseyville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jerseyville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Jerseyville, IL

How much do homes in Jerseyville, IL cost?

Median Sold Price

$135,000

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$8,000(+6.3%)

Key Takeaway

Homes in Jerseyville have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Jerseyville was $135,000 in April 2024, up 6.3% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $45.5K$43.2K
-4.9%
2 $80.2K$100K
+24.6%
3 $152.2K$150K
-1.5%
4 $186.2K$215K
+15.5%
5+ -$289K
N/A

Summary: Jerseyville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 24.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jerseyville
+6.3%
Jersey Township
+3.5%

Housing Supply in Jerseyville, IL

How many homes are available in Jerseyville, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2927-6.9%

Summary: The Jerseyville real estate market had 27 homes for sale in April 2024, a 6.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 1212
0.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The Jerseyville 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 decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jerseyville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Jerseyville in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for Jerseyville, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days43 Days+60.0%

Summary: Homes in Jerseyville had an average of 43 days on market in Apr 2024, up by 60% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Jerseyville has remained consistent over time.

Summary: During April 2024, 10 homes were sold in Jerseyville; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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 9 Days Ago

Newest Listings in Jerseyville, IL

Nearby Markets to Jerseyville, IL

What housing markets are near Jerseyville, IL?