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 November 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

$148,500

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,500(+5.3%)

Key Takeaway

Homes in Jerseyville have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Jerseyville was $148,500 in November 2024, up 5.3% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $47.5K-
N/A
2 $97.5K$95K
-2.6%
3 $155K$169.5K
+9.4%
4 $207K$249K
+20.3%
5+ $289K-
N/A

Summary: Jerseyville 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 decreased by 2.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jersey Township
+5.5%
Jerseyville
+5.3%

Housing Supply in Jerseyville, IL

How many homes are available in Jerseyville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4241-2.4%

Summary: The Jerseyville real estate market had 41 homes for sale in November 2024, a 2.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1112
+9.1%
3 2423
-4.2%
4 54
-20.0%
5+ 11
0.0%

Summary: The Jerseyville 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 decreased by 4.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Jerseyville in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
38 Days31 Days-18.9%

Summary: Homes in Jerseyville had an average of 31 days on market in Nov 2024, down by 18.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Jerseyville; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% 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 11 Days Ago

Newest Listings in Jerseyville, IL

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