$2,019 Closing Credit*
$170,000
1,342 SqFt
4 Beds
•2 Full Baths
Robert Owsley, Listing Office: Southern Illinois Realty Experts Herrin
Is De Soto, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, De Soto has remained a Seller's Market.
Key Takeaway
De Soto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in De Soto, IL
How much do homes in De Soto, IL cost?
Median Sold Price
$166,437
$129/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$33,562(-16.8%)
Key Takeaway
Homes in De Soto have sold for 16.8% less than they did a month ago.
Summary: The median home sold price in De Soto was $166,437 in October 2024, down 16.8% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $153.1K | $166.4K | +8.7% |
| 4 Bedrooms | $225K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: De Soto 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 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| De Soto | $200K | $166.4K | -16.8% |
| De Soto Township | $200K | $166.4K | -16.8% |
Housing Supply in De Soto, IL
How many homes are available in De Soto, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The De Soto real estate market had 7 homes for sale in October 2024, a 22.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The De Soto 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 decreased by 12.5%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in De Soto, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in De Soto in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for De Soto, IL
How long does it take to sell a home in De Soto, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -9.7% |
Summary: Homes in De Soto had an average of 26 days on market in Oct 2024, down by 9.7% compared to last month.
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
Key Takeaway
Many homes in De Soto are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in De Soto; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.