Is Jarvis Township, 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, Jarvis Township has remained a Seller's Market.
Housing Prices in Jarvis Township, IL
How much do homes in Jarvis Township, IL cost?
Median Sold Price
$320,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jarvis Township was $320,000 in May 2024, up 16.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61K | - | N/A |
2 Bedrooms | $122.5K | $195.8K | +59.9% |
3 Bedrooms | $235K | $271.7K | +15.6% |
4 Bedrooms | $339.9K | $425K | +25.0% |
5+ Bedrooms | $413.5K | $407.5K | -1.5% |
Summary: Jarvis Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Jarvis Township | $275K | $320K | +16.4% |
Troy | $292K | $325K | +11.3% |
O Fallon | $300K | $319.9K | +6.6% |
Pin Oak Township | $420K | $435K | +3.6% |
Saint Jacob Township | $240.5K | $227.6K | -5.4% |
Housing Supply in Jarvis Township, IL
How many homes are available in Jarvis Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 72 | +9.1% |
Summary: The Jarvis Township real estate market had 72 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 30 | 34 | +13.3% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Jarvis Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 31 | +93.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Jarvis Township in May 2024, up by 93.8% month-over-month. Of the 31 sold homes, 29% were sold under asking, 23% were sold at asking, and 48% were sold over asking.
Days on Market for Jarvis Township, IL
How long does it take to sell a home in Jarvis Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 61 Days | +12.9% |
Summary: Homes in Jarvis Township had an average of 61 days on market in May 2024, up by 12.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Jarvis Township; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.