Is De Witt County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, De Witt County was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $46.7K | $136K | +190.9% |
2 Bedrooms | $82K | $86K | +4.9% |
3 Bedrooms | $141K | $155K | +9.9% |
4 Bedrooms | $159K | $205.5K | +29.2% |
5+ Bedrooms | $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 | $180K | $222.4K | +23.6% |
McLean County | $210K | $234.3K | +11.6% |
De Witt County | $128.5K | $137K | +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 2024 | May 2024 | CHANGE |
---|---|---|
47 | 50 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 4 | +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 2024 | May 2024 | CHANGE |
---|---|---|
18 | 7 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 33 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
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.