$3,266 Closing Credit*
$275,000
1,196 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Marquee
Is Jersey Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Jersey Township has remained a Seller's Market.
Key Takeaway
Jersey Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jersey Township, IL
How much do homes in Jersey Township, IL cost?
Median Sold Price
$145,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+8.2%)
Key Takeaway
Homes in Jersey Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Jersey Township was $145,000 in October 2024, up 8.2% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42.2K | $47.5K | +12.4% |
| 2 Bedrooms | $85K | $97K | +14.1% |
| 3 Bedrooms | $151K | $163.2K | +8.1% |
| 4 Bedrooms | $204K | $249K | +22.1% |
| 5+ Bedrooms | $289K | - | N/A |
Summary: Jersey Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jerseyville | $135K | $146.2K | +8.3% |
| Jersey Township | $134K | $145K | +8.2% |
Housing Supply in Jersey Township, IL
How many homes are available in Jersey Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Summary: The Jersey Township real estate market had 38 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jersey Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jersey Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Jersey Township in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Jersey Township, IL
How long does it take to sell a home in Jersey Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 57 Days | +50.2% |
Summary: Homes in Jersey Township had an average of 57 days on market in Oct 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jersey Township has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Jersey Township; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.