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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Jacob Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Saint Jacob Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Saint Jacob Township, IL

How much do homes in Saint Jacob Township, IL cost?

Median Sold Price

$300,000

$134/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$120,000(-28.6%)

Key Takeaway

Homes in Saint Jacob Township have sold for 28.6% less than they did a month ago.

Summary: The median home sold price in Saint Jacob Township was $300,000 in November 2024, down 28.6% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $435K-
N/A
3 $310K$402.5K
+29.8%
4 $977.5K-
N/A
5+ -$300K
N/A

Summary: Saint Jacob Township 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 29.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Saint Jacob Township
-28.6%
Saint Jacob
-36.4%

Housing Supply in Saint Jacob Township, IL

How many homes are available in Saint Jacob Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
118-27.3%

Summary: The Saint Jacob Township real estate market had 8 homes for sale in November 2024, a 27.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 43
-25.0%
4 43
-25.0%
5+ 11
0.0%

Summary: The Saint Jacob 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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Jacob Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Saint Jacob Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Saint Jacob Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
96 Days14 Days-85.4%

Summary: Homes in Saint Jacob Township had an average of 14 days on market in Nov 2024, down by 85.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Jacob Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Saint Jacob Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Saint Jacob Township, IL

Nearby Markets to Saint Jacob Township, IL

What housing markets are near Saint Jacob Township, IL?