Is Jerseyville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jerseyville has remained a Seller's Market.
Key Takeaway
Jerseyville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jerseyville, IL
How much do homes in Jerseyville, IL cost?
Median Sold Price
$140,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jerseyville have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Jerseyville was $140,000 in May 2024, up 9.4% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.5K | $47.5K | +4.4% |
| 2 Bedrooms | $80K | $100K | +25.0% |
| 3 Bedrooms | $151K | $152K | +0.7% |
| 4 Bedrooms | $198.7K | $220K | +10.7% |
| 5+ Bedrooms | - | $289K | N/A |
Summary: Jerseyville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jerseyville | $128K | $140K | +9.4% |
| Jersey Township | $127K | $136.5K | +7.5% |
Housing Supply in Jerseyville, IL
How many homes are available in Jerseyville, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Jerseyville real estate market had 25 homes for sale in May 2024, a 7.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jerseyville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jerseyville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Jerseyville in May 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Jerseyville, IL
How long does it take to sell a home in Jerseyville, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 56 Days | +29.6% |
Summary: Homes in Jerseyville had an average of 56 days on market in May 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
3 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 Jerseyville has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Jerseyville; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.