$3,205 Closing Credit*
$269,900
3,148 SqFt
3 Beds
•3 Full Baths, 1 Partial
James Skeeters, Listing Office: Keller Williams Capital
Is Jerome, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Jerome was a Seller's Market.
Key Takeaway
Jerome 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 Jerome, IL
How much do homes in Jerome, IL cost?
Median Sold Price
$146,900
$90/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$14,400(+10.9%)
Key Takeaway
Homes in Jerome have sold for 10.9% more than they did a month ago.
Summary: The median home sold price in Jerome was $146,900 in November 2024, up 10.9% from last month, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.5K | - | N/A |
| 3 Bedrooms | $110K | $146.9K | +33.5% |
| 4 Bedrooms | $136.2K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Jerome 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 did not change, 3 bedroom homes increased by 33.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Jerome, IL
How many homes are available in Jerome, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Summary: The Jerome real estate market had 6 homes for sale in November 2024, a 45.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jerome 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 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Jerome, 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 Jerome in November 2024, down by 66.7% 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 Jerome, IL
How long does it take to sell a home in Jerome, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 6 Days | -64.7% |
Summary: Homes in Jerome had an average of 6 days on market in Nov 2024, down by 64.7% 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 Jerome are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Jerome; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.