Is Jefferson County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jefferson County has remained a Seller's Market.
Housing Prices in Jefferson County, IL
How much do homes in Jefferson County, IL cost?
Median Sold Price
$140,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jefferson County was $140,000 in May 2024, up 12.3% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56.5K | $56.1K | -0.7% |
2 Bedrooms | $62.8K | $79K | +25.8% |
3 Bedrooms | $135K | $142.2K | +5.4% |
4 Bedrooms | $188K | $210K | +11.7% |
5+ Bedrooms | $191.5K | $289K | +50.9% |
Summary: Jefferson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 50.9%.
Median Sold Price Compared To Nearby Counties
Washington County | $133K | $150K | +12.8% |
Jefferson County | $124.7K | $140K | +12.3% |
Marion County | $111.2K | $117.5K | +5.7% |
Franklin County | $92.5K | $85K | -8.0% |
Housing Supply in Jefferson County, IL
How many homes are available in Jefferson County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 102 | 0.0% |
Summary: The Jefferson County real estate market had 102 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 25 | 22 | -12.0% |
3 Bedrooms | 53 | 58 | +9.4% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Jefferson County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Jefferson County in May 2024, up by 31.8% month-over-month. Of the 29 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for Jefferson County, IL
How long does it take to sell a home in Jefferson County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 38 Days | +6.7% |
Summary: Homes in Jefferson County had an average of 38 days on market in May 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Jefferson County; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.