Is De Witt County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing De Witt County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, De Witt County was a Seller's Market.

Key Takeaway

De Witt County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in De Witt County, IL

How much do homes in De Witt County, IL cost?

Median Sold Price

$137,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,500(+6.6%)

Key Takeaway

Homes in De Witt County have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in De Witt County was $137,000 in May 2024, up 6.6% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $46.7K$136K
+190.9%
2 $82K$86K
+4.9%
3 $141K$155K
+9.9%
4 $159K$205.5K
+29.2%
5+ $157.5K$240K
+52.4%

Summary: De Witt County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 190.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 52.4%.

Median Sold Price Compared To Nearby Counties

Piatt County
+23.6%
McLean County
+11.6%
De Witt County
+6.6%

Housing Supply in De Witt County, IL

How many homes are available in De Witt County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4750+6.4%

Summary: The De Witt County real estate market had 50 homes for sale in May 2024, a 6.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 2424
0.0%
4 87
-12.5%
5+ 24
+100.0%

Summary: The De Witt County 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 15.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
187-61.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in De Witt County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in De Witt County in May 2024, down by 61.1% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for De Witt County, IL

How long does it take to sell a home in De Witt County, IL?

Average Sale Time

May 2023May 2024CHANGE
32 Days33 Days+3.3%

Summary: Homes in De Witt County had an average of 33 days on market in May 2024, up by 3.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in De Witt County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 7 homes were sold in De Witt County; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in De Witt County, IL

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