Is Jacksonville No. 5, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Jacksonville No. 5 has remained a Seller's Market.
Key Takeaway
Jacksonville No. 5 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jacksonville No. 5, IL
How much do homes in Jacksonville No. 5, IL cost?
Median Sold Price
$90,750
$48/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
Key Takeaway
Homes in Jacksonville No. 5 have sold for 29.6% more than they did a month ago.
Summary: The median home sold price in Jacksonville No. 5 was $90,750 in November 2024, up 29.6% from last month, and the median price per square foot was $48.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $90K | +28.6% |
| 3 Bedrooms | - | $19.9K | N/A |
| 4 Bedrooms | - | $117.2K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Jacksonville No. 5 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jacksonville No. 3 | $55K | $275.6K | +401.1% |
| Jacksonville No. 5 | $70K | $90.7K | +29.6% |
Housing Supply in Jacksonville No. 5, IL
How many homes are available in Jacksonville No. 5, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Jacksonville No. 5 real estate market had 4 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jacksonville No. 5 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 decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville No. 5, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Jacksonville No. 5 in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Jacksonville No. 5, IL
How long does it take to sell a home in Jacksonville No. 5, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 38 Days | +1800.0% |
Summary: Homes in Jacksonville No. 5 had an average of 38 days on market in Nov 2024, up by 1800% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jacksonville No. 5 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Jacksonville No. 5; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
