Is Jarvis Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jarvis Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Jarvis Township, IL

How much do homes in Jarvis Township, IL cost?

Median Sold Price

$317,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,500(-2.0%)

Key Takeaway

Homes in Jarvis Township have sold for 2% less than they did a year ago.

Summary: The median home sold price in Jarvis Township was $317,500 in November 2024, down 2% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$131K
N/A
2 $185K$165.3K
-10.6%
3 $274.1K$262K
-4.4%
4 $402.9K$422.9K
+5.0%
5+ $434.2K$412.5K
-5.0%

Summary: Jarvis Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Cities

O Fallon
+1.5%
Jarvis Township
-2.0%
Pin Oak Township
-2.4%
Troy
-3.0%

Housing Supply in Jarvis Township, IL

How many homes are available in Jarvis Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6254-12.9%

Summary: The Jarvis Township real estate market had 54 homes for sale in November 2024, a 12.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 3529
-17.1%
4 1913
-31.6%
5+ 57
+40.0%

Summary: The Jarvis Township 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 66.7%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jarvis Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Jarvis Township in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for Jarvis Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days58 Days+54.2%

Summary: Homes in Jarvis Township had an average of 58 days on market in Nov 2024, up by 54.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Jarvis Township has remained consistent over time.

Summary: During November 2024, 16 homes were sold in Jarvis Township; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 2 Days Ago

Newest Listings in Jarvis Township, IL

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