Is Saint Jacob, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Jacob is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Saint Jacob, IL

How much do homes in Saint Jacob, IL cost?

Median Sold Price

$193,500

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$19,000(-8.9%)

Key Takeaway

Homes in Saint Jacob have sold for 8.9% less than they did a year ago.

Summary: The median home sold price in Saint Jacob was $193,500 in March 2024, down 8.9% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $138K$154.2K
+11.8%
3 $195K$185K
-5.1%
4 $285K$266.3K
-6.6%
5+ $338K-
N/A

Summary: Saint Jacob housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Saint Jacob Township
-7.2%
Saint Jacob
-8.9%

Housing Supply in Saint Jacob, IL

How many homes are available in Saint Jacob, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
65-16.7%

Summary: The Saint Jacob real estate market had 5 homes for sale in March 2024, a 16.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 32
-33.3%
4 22
0.0%
5+ 01
+100.0%

Summary: The Saint Jacob 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Saint Jacob in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Saint Jacob, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
9 Days129 Days+1338.9%

Summary: Homes in Saint Jacob had an average of 129 days on market in Mar 2024, up by 1338.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 Saint Jacob has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Saint Jacob; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 15 Days Ago

Newest Listings in Saint Jacob, IL

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