$1,330 Closing Credit*
$112,000
1,857 SqFt
3 Beds
•2 Full Baths
Kyle Killebrew, Listing Office: The Real Estate Group, Inc.
Is South Jacksonville, 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, South Jacksonville has remained a Seller's Market.
Key Takeaway
South Jacksonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Jacksonville, IL
How much do homes in South Jacksonville, IL cost?
Median Sold Price
$118,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,500(-14.8%)
Key Takeaway
Homes in South Jacksonville have sold for 14.8% less than they did a year ago.
Summary: The median home sold price in South Jacksonville was $118,000 in October 2024, down 14.8% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95.5K | $103K | +7.9% |
| 3 Bedrooms | $143K | $134.9K | -5.6% |
| 4 Bedrooms | $181.9K | $170.4K | -6.3% |
| 5+ Bedrooms | - | $207K | N/A |
Summary: South Jacksonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Jacksonville No. 1 | $121K | $115.2K | -4.8% |
| South Jacksonville | $138.5K | $118K | -14.8% |
| South Jacksonville No. 2 | $115.2K | $97.9K | -15.0% |
Housing Supply in South Jacksonville, IL
How many homes are available in South Jacksonville, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The South Jacksonville real estate market had 10 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Jacksonville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Jacksonville, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in South Jacksonville in October 2024, up by 600.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for South Jacksonville, IL
How long does it take to sell a home in South Jacksonville, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 8 Days | -57.1% |
Summary: Homes in South Jacksonville had an average of 8 days on market in Oct 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Jacksonville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in South Jacksonville; 86% of homes were sold within 30 days, 14% 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.