Is Downs, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Downs has remained a Seller's Market.
Housing Prices in Downs, IL
How much do homes in Downs, IL cost?
Median Sold Price
$226,500
$112/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Downs was $226,500 in May 2024, down 60.4% from last month, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $572.5K | $175K | -69.4% |
4 Bedrooms | - | $278K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Downs housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 69.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Downs, IL
How many homes are available in Downs, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Summary: The Downs real estate market had 17 homes for sale in May 2024, a 54.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Downs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Downs in May 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Downs, IL
How long does it take to sell a home in Downs, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 Days | 2 Days | -96.6% |
Summary: Homes in Downs had an average of 2 days on market in May 2024, down by 96.6% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Downs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.