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Featured local agent — Jerome, IL
Sarah Mitchell
Compass Real Estate · Jerome, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Jerome, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$179,750median sale price
How is the Jerome, IL housing market right now?
The median home sale price in Jerome, IL is $179,750, up 10.6% year-over-year. Homes sell in an average of 61 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Jerome a buyer's or seller's market?
Jerome, IL is currently a seller's market, based on 0.3 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
61
Average pace
Active listings
2
0.3 months supply
Sale-to-list
102.4%
Above asking
What does the Jerome housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $179,750 |
| Median list price | $177,500 |
| Year-over-year price change | +10.6% |
| Average days on market | 61 days |
| Active inventory | 2 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 102.4% |
| Median price per sq ft | $118/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 7 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Jerome by property type?
How the Jerome, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $179,750 | $118/sq ft | 6 | 61 days |
Source: Redfin · Updated monthly
The Jerome housing market is currently classified as a seller's market with a median sale price of $179,750. Prices have risen 10.6% compared to last year, with homes spending an average of 61 days on market, indicating 0.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Jerome
There are currently 2 homes listed for sale in Jerome, Illinois. The median listing price is $178K.
Active listings
2
Homes on market
Median list price
$178K
Avg. days on market
61
Days until sale
New this week
7
Newly listed
Who lives in Jerome?
Population
1,910
Median income
$55,777/yr
Median age
34.6 years
Owner-occupied
69.3%
College grads
32.1%
Avg commute
16.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Jerome?
Zillow home value
$162,123
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Jerome?
Jerome is a community of approximately 2K residents with a median age of 34.6 years.The median household income is $55,777, which represents a working-class community with solid middle-income opportunities. 32.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 16.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Jerome offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Jerome, IL?
Want a head-to-head view? Compare Jerome side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Jerome?
The median home sale price in Jerome is $179,750, up 10.6% from last year.
How long do homes stay on market in Jerome?
Homes typically spend 61 days on market before going under contract.
What is the median income in Jerome?
The median household income is $55,777 per year.
Is Jerome a buyer's or seller's market?
With 0.3 months of supply, Jerome is currently a seller's market.
What is the Zillow home value estimate for Jerome?
The Zillow Home Value Index (ZHVI) for Jerome is $162,123, representing the typical home value in the area.
How much does a single-family home cost in Jerome?
The median single-family home price in Jerome, IL is $179,750 (about $118 per square foot).
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