Is Jacksonville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jacksonville is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Jacksonville, IL

How much do homes in Jacksonville, IL cost?

Median Sold Price

$136,500

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,833(+6.9%)

Key Takeaway

Homes in Jacksonville have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Jacksonville was $136,500 in October 2024, up 6.9% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $45.7K$61.7K
+35.0%
2 $85K$98K
+15.3%
3 $147.4K$149.9K
+1.6%
4 $225K$198K
-12.0%
5+ $360K$215K
-40.3%

Summary: Jacksonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 40.3%.

Housing Supply in Jacksonville, IL

How many homes are available in Jacksonville, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8463-25.0%

Summary: The Jacksonville real estate market had 63 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1915
-21.1%
3 3223
-28.1%
4 2318
-21.7%
5+ 85
-37.5%

Summary: The Jacksonville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 28.1%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2916-44.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jacksonville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in Jacksonville in October 2024, down by 44.8% month-over-month. Of the 16 sold homes, 31% were sold under asking, 50% were sold at asking, and 19% were sold over asking.

Days on Market for Jacksonville, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days22 Days-30.2%

Summary: Homes in Jacksonville had an average of 22 days on market in Oct 2024, down by 30.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 16 homes were sold in Jacksonville; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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 Jacksonville, IL

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