Is Jackson County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jackson County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Jackson County was a Seller's Market.

Key Takeaway

Jackson County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Jackson County, IL

How much do homes in Jackson County, IL cost?

Median Sold Price

$141,456

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,456(+17.9%)

Key Takeaway

Homes in Jackson County have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in Jackson County was $141,456 in November 2024, up 17.9% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $79K$31K
-60.8%
2 $70K$67.5K
-3.6%
3 $130K$130.9K
+0.7%
4 $187.5K$230K
+22.7%
5+ $295K$310K
+5.1%

Summary: Jackson County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.8%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Counties

Jackson County
+17.9%
Randolph County
+7.5%
Perry County
+5.3%
Union County
-5.8%

Housing Supply in Jackson County, IL

How many homes are available in Jackson County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
216222+2.8%

Summary: The Jackson County real estate market had 222 homes for sale in November 2024, a 2.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 3641
+13.9%
3 114116
+1.8%
4 4949
0.0%
5+ 1312
-7.7%

Summary: The Jackson County 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 13.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35350.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jackson County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Jackson County in November 2024, the same as the previous month. Of the 35 sold homes, 71% were sold under asking, 20% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
33 Days60 Days+80.0%

Summary: Homes in Jackson County had an average of 60 days on market in Nov 2024, up by 80% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 35 homes were sold in Jackson County; 57% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 26% 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 20 Days Ago

Newest Listings in Jackson County, IL

Nearby Markets to Jackson County, IL

What housing markets are near Jackson County, IL?