Is De Soto, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, De Soto was a Seller's Market.
Key Takeaway
De Soto is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in De Soto, IL
How much do homes in De Soto, IL cost?
Median Sold Price
$55,000
$34/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in De Soto have sold for 22.8% less than they did a month ago.
Summary: The median home sold price in De Soto was $55,000 in May 2024, down 22.8% from last month, and the median price per square foot was $34.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $100K | $55K | -45.0% |
| 4 Bedrooms | $42.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: De Soto 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 45%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| De Soto Township | $71.2K | $262.5K | +268.4% |
| De Soto | $71.2K | $55K | -22.8% |
Housing Supply in De Soto, IL
How many homes are available in De Soto, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The De Soto real estate market had 8 homes for sale in May 2024, a 14.3% 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 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The De Soto 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in De Soto, 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 De Soto in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for De Soto, IL
How long does it take to sell a home in De Soto, IL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 146 Days | 16 Days | -89.0% |
Summary: Homes in De Soto had an average of 16 days on market in May 2024, down by 89% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in De Soto are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in De Soto; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.