Is Jersey County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jersey County is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Jersey County, IL

How much do homes in Jersey County, IL cost?

Median Sold Price

$170,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,000(+17.2%)

Key Takeaway

Homes in Jersey County have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Jersey County was $170,000 in December 2024, up 17.2% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $47.5K-
N/A
2 $87.5K$110K
+25.7%
3 $159K$189K
+18.9%
4 $204K$238K
+16.7%
5+ $245K$239.4K
-2.3%

Summary: Jersey County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Counties

Jersey County
+17.2%
Macoupin County
+12.5%
Saint Charles County
+5.8%

Housing Supply in Jersey County, IL

How many homes are available in Jersey County, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6364+1.6%

Summary: The Jersey County real estate market had 64 homes for sale in December 2024, a 1.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 1922
+15.8%
3 3024
-20.0%
4 912
+33.3%
5+ 44
0.0%

Summary: The Jersey County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jersey County, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Jersey County in December 2024, down by 18.8% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.

Days on Market for Jersey County, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
59 Days62 Days+5.7%

Summary: Homes in Jersey County had an average of 62 days on market in Dec 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 13 homes were sold in Jersey County; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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 4 Days Ago

Newest Listings in Jersey County, IL

Nearby Markets to Jersey County, IL

What housing markets are near Jersey County, IL?