Is Davis, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davis is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Davis was a Neutral Market.

Key Takeaway

Davis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Davis, IL

How much do homes in Davis, IL cost?

Median Sold Price

$447,450

$210/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$173,450(+63.3%)

Key Takeaway

Homes in Davis have sold for 63.3% more than they did a month ago.

Summary: The median home sold price in Davis was $447,450 in October 2024, up 63.3% from last month, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $274K$447.4K
+63.3%
4 --
N/A
5+ --
N/A

Summary: Davis housing prices by bedroom type for October 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 increased by 63.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Davis, IL

How many homes are available in Davis, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
69+50.0%

Summary: The Davis real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 56
+20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Davis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davis, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Davis in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Davis, IL

How long does it take to sell a home in Davis, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days7 Days+275.0%

Summary: Homes in Davis had an average of 7 days on market in Oct 2024, up by 275% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Davis; 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.

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

Report Updated 16 Days Ago

Newest Listings in Davis, IL

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