Is Jefferson County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jefferson County has remained a Seller's Market.
Key Takeaway
Jefferson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson County, IL
How much do homes in Jefferson County, IL cost?
Median Sold Price
$140,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jefferson County have sold for 12% more than they did a year ago.
Summary: The median home sold price in Jefferson County was $140,000 in April 2024, up 12% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56.5K | $56.1K | -0.7% |
| 2 Bedrooms | $59.5K | $79K | +32.8% |
| 3 Bedrooms | $135K | $140K | +3.7% |
| 4 Bedrooms | $210K | $200.5K | -4.5% |
| 5+ Bedrooms | $257.5K | $289K | +12.2% |
Summary: Jefferson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Counties
| Washington County | $132K | $150K | +13.6% |
| Jefferson County | $125K | $140K | +12.0% |
| Marion County | $107.8K | $115.7K | +7.2% |
| Franklin County | $89K | $87.5K | -1.7% |
Housing Supply in Jefferson County, IL
How many homes are available in Jefferson County, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 104 | +23.8% |
Summary: The Jefferson County real estate market had 104 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 25 | +56.3% |
| 3 Bedrooms | 44 | 54 | +22.7% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Jefferson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson County, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Jefferson County in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for Jefferson County, IL
How long does it take to sell a home in Jefferson County, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -31.0% |
Summary: Homes in Jefferson County had an average of 32 days on market in Apr 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Jefferson County; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.