New - 7 days on RocketBackup offers
$1,900 Closing Credit¹
#EB456746, Steven Zang, Listing Office: C21 HOUSE OF REALTY, INC. CD
Somerset Township Housing Market Report January 2025•Jackson County, Illinois
Housing Prices in Somerset Township, IL
How much do homes in Somerset Township, IL cost?
Housing Market Conditions
Is Somerset Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Somerset Township is a Seller's Market
Difference Since January 2024
At the same time last year, Somerset Township was a Neutral Market.
Insight
Somerset Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$140,000$88/SqFt
-$15,000
-9.7%
Based on all homes sold in the last 12 months
Insight
Homes in Somerset Township have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Somerset Township was $140,000 in January 2025, down 9.7% from last year, and the median price per square foot was $88.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Murphysboro Township | $117K | $115.9K | -0.9% |
| Murphysboro | $114.8K | $113.5K | -1.2% |
| Somerset Township | $155K | $140K | -9.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $69K | $73.2K | +6.2% |
| 33 Bedrooms | $155K | $210K | +35.5% |
| 44 Bedrooms | $208.5K | $140K | -32.9% |
| 55+ Bedrooms | $143K | - | N/A |
Summary: Somerset Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.2%. The home price for 3 bedroom homes increased by +35.5%. The home price for 4 bedroom homes decreased by -32.9%. The home price for 5 bedroom homes did not change.
Housing supply in Somerset Township, IL
How many homes are available in Somerset Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthJan 2025 | ||
| 62 months agoDec 2024 | -16.7 % Change MoMDec – Jan |
Summary: The Somerset Township real estate market had 5 homes for sale in Jan 2025, a 16.7 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthJan 2025 | ||
| 02 months agoDec 2024 | +100.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 4 | 4 | 0.0% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 1 | 0 | -100.0% |
Summary: Somerset Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -100.0%.
Asking Price vs. Sold Price
How much do homes in Somerset Township, IL cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Somerset Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Somerset Township in January 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Somerset Township, IL
How long does it take to sell a home in Somerset Township, IL?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Somerset Township has remained consistent over time.
Summary: During January 2025, 1 homes were sold in Somerset Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 69 DaysThis YearJan 2025 | ||
| 25 Days1 year agoJan 2024 | +176.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Somerset Township had an average listing age of 69 days in Jan 2025, up by 176.0% compared to the previous year.
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Newest Listings in Somerset Township, IL
What homes are available in Somerset Township, IL?
Backup offers
$1,110 Closing Credit¹
#EB456678, Robert Davenport, Listing Office: RE/MAX Realty Central
$1,068 Closing Credit¹
#EB455260, Rachel Davenport, Listing Office: RE/MAX Realty Central
$802 Closing Credit¹
#EB455119, Michelle Bennett, Listing Office: RIVER 2 RIVER REALTY, INC.
Backup offers
$1,305 Closing Credit¹
#EB454717, Kathy Riggio, Listing Office: C21 HOUSE OF REALTY, INC. CD
$1,069 Closing Credit¹
#QC4255025, Kaitlynn Morgan, Listing Office: House 2 Home Realty Marion
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2023 - 02/01/2025
Listings courtesy of RMLS Alliance as distributed by 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. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.