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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davis Junction is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Davis Junction was a Seller's Market.

Key Takeaway

Davis Junction is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Davis Junction, IL

How much do homes in Davis Junction, IL cost?

Median Sold Price

$255,382

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,382(+21.0%)

Key Takeaway

Homes in Davis Junction have sold for 21% more than they did a year ago.

Summary: The median home sold price in Davis Junction was $255,382 in October 2024, up 21% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$211K
N/A
3 $210K$250K
+19.0%
4 $289.5K$310K
+7.1%
5+ $325K$510K
+56.9%

Summary: Davis Junction housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 56.9%.

Median Sold Price Compared To Nearby Cities

Davis Junction
+21.0%
Rockford Township
+13.7%

Housing Supply in Davis Junction, IL

How many homes are available in Davis Junction, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1013+30.0%

Summary: The Davis Junction real estate market had 13 homes for sale in October 2024, a 30.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 912
+33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Davis Junction 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 remained the same, 3 bedroom homes increased by 33.3%, 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 Junction, 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 Junction 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 Junction, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days22 Days+238.5%

Summary: Homes in Davis Junction had an average of 22 days on market in Oct 2024, up by 238.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Davis Junction; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in Davis Junction, IL

Nearby Markets to Davis Junction, IL

What housing markets are near Davis Junction, IL?