Is Douglas County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Douglas County has remained a Seller's Market.
Housing Prices in Douglas County, IL
How much do homes in Douglas County, IL cost?
Median Sold Price
$137,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Douglas County was $137,000 in May 2024, up 4.2% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $83K | +59.6% |
2 Bedrooms | $79K | $102K | +29.1% |
3 Bedrooms | $140K | $137.7K | -1.6% |
4 Bedrooms | $150K | $196.2K | +30.9% |
5+ Bedrooms | $137.5K | $152.2K | +10.7% |
Summary: Douglas County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.6%, 2 bedroom homes increased by 29.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Counties
Piatt County | $180K | $222.4K | +23.6% |
Champaign County | $189.9K | $217.5K | +14.5% |
Douglas County | $131.5K | $137K | +4.2% |
Housing Supply in Douglas County, IL
How many homes are available in Douglas County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Summary: The Douglas County real estate market had 36 homes for sale in May 2024, a 2.9% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Douglas 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 16.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Douglas County in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Douglas County, IL
How long does it take to sell a home in Douglas County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -26.6% |
Summary: Homes in Douglas County had an average of 25 days on market in May 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Douglas County; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.