Is Jackson 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, Jackson County has remained a Seller's Market.
Key Takeaway
Jackson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jackson County, IL
How much do homes in Jackson County, IL cost?
Median Sold Price
$132,500
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jackson County have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Jackson County was $132,500 in May 2024, up 9.5% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.2K | $52.3K | -54.2% |
| 2 Bedrooms | $67.4K | $71.5K | +6.0% |
| 3 Bedrooms | $125.6K | $132.5K | +5.5% |
| 4 Bedrooms | $176.5K | $193K | +9.3% |
| 5+ Bedrooms | $347K | $308.7K | -11.0% |
Summary: Jackson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $121K | $132.5K | +9.5% |
| Randolph County | $125K | $135K | +8.0% |
| Union County | $120K | $128.2K | +6.9% |
| Perry County | $95K | $99.9K | +5.2% |
Housing Supply in Jackson County, IL
How many homes are available in Jackson County, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 236 | 252 | +6.8% |
Summary: The Jackson County real estate market had 252 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 49 | 51 | +4.1% |
| 3 Bedrooms | 120 | 127 | +5.8% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Jackson 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 increased by 4.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 44 | +46.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson County, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Jackson County in May 2024, up by 46.7% month-over-month. Of the 44 sold homes, 48% were sold under asking, 16% were sold at asking, and 36% were sold over asking.
Days on Market for Jackson County, IL
How long does it take to sell a home in Jackson County, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 83 Days | 54 Days | -35.1% |
Summary: Homes in Jackson County had an average of 54 days on market in May 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jackson County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 44 homes were sold in Jackson County; 66% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.