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
$70,000
$53/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
Key Takeaway
Homes in Jacksonville No. 5 have sold for 21.4% less than they did a month ago.
Summary: The median home sold price in Jacksonville No. 5 was $70,000 in October 2024, down 21.4% from last month, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $93K | $70K | -24.7% |
| 3 Bedrooms | $85.1K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Jacksonville No. 5 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.7%, 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. 5 | $89K | $70K | -21.4% |
| Jacksonville No. 3 | $110K | $55K | -50.0% |
Housing Supply in Jacksonville No. 5, IL
How many homes are available in Jacksonville No. 5, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Jacksonville No. 5 real estate market had 4 homes for sale in October 2024, a 33.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 1 | 0 | -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 October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville No. 5, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Jacksonville No. 5 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 2 Days | -93.7% |
Summary: Homes in Jacksonville No. 5 had an average of 2 days on market in Oct 2024, down by 93.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 October 2024, 1 homes were sold in Jacksonville No. 5; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
