Is Jersey Township, 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, Jersey Township has remained a Seller's Market.
Housing Prices in Jersey Township, IL
How much do homes in Jersey Township, IL cost?
Median Sold Price
$133,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jersey Township was $133,000 in April 2024, up 3.5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $31.2K | $43.2K | +38.4% |
2 Bedrooms | $80K | $98.7K | +23.4% |
3 Bedrooms | $152.5K | $147.2K | -3.4% |
4 Bedrooms | $198.7K | $204K | +2.6% |
5+ Bedrooms | - | $289K | N/A |
Summary: Jersey Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.4%, 2 bedroom homes increased by 23.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Jerseyville | $127K | $135K | +6.3% |
Jersey Township | $128.5K | $133K | +3.5% |
Housing Supply in Jersey Township, IL
How many homes are available in Jersey Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 25 | -10.7% |
Summary: The Jersey Township real estate market had 25 homes for sale in April 2024, a 10.7% decrease 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 | 12 | 11 | -8.3% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jersey Township 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 decreased by 8.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Jersey Township in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 48 Days | +77.8% |
Summary: Homes in Jersey Township had an average of 48 days on market in Apr 2024, up by 77.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Jersey Township; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.