Jacksonville, IL Housing Market
AI-powered market intelligence for the Jacksonville, IL metro area.
PropertyIQ Scores
Jacksonville, IL Market Analysis
Market Overview
Jacksonville, IL posts a PropertyIQ Score of 82/100, which positions it as a strong market by the index. The score is driven by 12-month home value momentum of 10.81%, 3-month home value momentum of 0.80%, a median days on market of 42 days, and a 20.9% share of listings with a price cut. Compared with state benchmarks, Jacksonville is notably affordable: the median home value is $132,558 versus the state average of $299,900, and the rent index is $888 versus $1,227. Median household income is $66,168, below the state average of $81,702, while the unemployment rate of 5.1% matches the state average.
The score reflects price movement and market pace rather than a high-priced market. Inventory is lean at 35 homes for sale, and the median days on market of 42 days points to steady turnover. A price cut share of 20.9% indicates some negotiation room but not a heavily distressed market. The home value year-over-year figure is listed as $12, which appears incomplete relative to the 10.81% 12-month momentum; the percentage momentum is the more reliable trend indicator.
Overall, Jacksonville can be characterized as a moderately strong, affordability-oriented market with solid annual momentum, limited inventory, and steady but not overheated conditions. Population growth is listed as N/A, so demographic-driven demand cannot be assessed.
Key Trends
Home value momentum is positive but uneven between time horizons. The 12-month home value momentum of 10.81% shows strong annual appreciation, while the 3-month momentum of 0.80% suggests that recent growth has been more modest. Market pace is competitive yet balanced: a median of 42 days on market and only 35 homes for sale indicate limited supply, while the 20.9% share of listings with a price cut shows sellers still need to price realistically. Affordability is a clear local strength. The median home value of $132,558 is less than half the state median of $299,900, and the rent index of $888 is well below the state benchmark of $1,227. Although the local median household income of $66,168 is below the state average of $81,702, the lower home values still make housing more attainable by comparison. Economic indicators are neutral: the unemployment rate of 5.1% matches the state average exactly, and population growth data is not available.
Who Is This Market For
Jacksonville is best suited for first-time buyers and value-focused investors. First-time buyers can benefit from a median home value of $132,558, which is far below the state average of $299,900, and a local median household income of $66,168 that makes entry more realistic. Investors may find the combination of an $888 rent index and lower home values attractive, as lower purchase prices can support rental returns relative to the state benchmark of $1,227 rent and $299,900 median home value. Move-up buyers may have a harder time because inventory is limited at 35 homes for sale, though the 10.81% annual home value momentum could help existing owners build equity. Buyers and investors should be ready for a 42-day median time on market, but the 20.9% price cut share may provide some room for negotiation.
Outlook
The data suggests Jacksonville may continue to benefit from affordability and steady demand, but the near-term appreciation pace could be slower than the past year. The 12-month home value momentum of 10.81% supports positive annual growth, while the 3-month momentum of 0.80% points to more modest recent gains. With only 35 homes for sale and a median days on market of 42, low inventory may help support prices if buyer interest remains stable. The 20.9% price cut share tempers that picture by showing sellers must remain realistic. Unemployment at 5.1% matches the state average and offers no clear local labor market advantage, while the missing population growth data leaves demographic demand uncertain. Based on the available numbers, Jacksonville is positioned as an affordable, moderately active market with solid past-year appreciation and a measured near-term outlook.
AI-generated analysis based on current market data. Last updated August 23, 2026.
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Jacksonville, IL market data
Jacksonville, IL Housing Market Overview
Jacksonville, IL's median home value is $133K, up 10.8% over the past year. Homes here sell in a median 42 days. Its PropertyIQ Score of 82 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Understanding the Jacksonville, IL housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this IL metro is set to perform relative to the rest of its state.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Jacksonville, IL's PropertyIQ Score of 82 ranks among the Midwest's stronger demand signals.
The PropertyIQ Score for the Jacksonville, IL market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 10.8% over the past year.
Explore the interactive map to see how Jacksonville, IL compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Jacksonville, IL metro area
ZIP codes in the Jacksonville, IL metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Jacksonville, IL a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Jacksonville, IL currently scores 82, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $133K, up 10.8% over the past year. So whether Jacksonville, IL is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Jacksonville, IL?
Jacksonville, IL's PropertyIQ Score is 82, indicating strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 82 places Jacksonville, IL above its state benchmark.
Are home prices in Jacksonville, IL rising or falling?
Home prices in Jacksonville, IL are rising. Over the past year, the median home value increased 10.8%, reaching $133K. Over the latest three months, values moved up 0.8%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Jacksonville, IL's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Jacksonville, IL?
In Jacksonville, IL, homes sell in a median of 42 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 21% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Jacksonville, IL market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.