Is De Witt County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing De Witt County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, De Witt County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in De Witt County, IL

How much do homes in De Witt County, IL cost?

Median Sold Price

$137,000

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,000(+5.4%)

Key Takeaway

Homes in De Witt County have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in De Witt County was $137,000 in November 2024, up 5.4% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $148.7K$45.9K
-69.1%
2 $84K$110.1K
+31.1%
3 $146.5K$142K
-3.1%
4 $172K$212K
+23.3%
5+ $187.5K$245K
+30.7%

Summary: De Witt County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.1%, 2 bedroom homes increased by 31.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 30.7%.

Median Sold Price Compared To Nearby Counties

Piatt County
+10.9%
McLean County
+7.7%
Macon County
+6.5%
De Witt County
+5.4%

Housing Supply in De Witt County, IL

How many homes are available in De Witt County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4746-2.1%

Summary: The De Witt County real estate market had 46 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 2931
+6.9%
4 97
-22.2%
5+ 11
0.0%

Summary: The De Witt County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in De Witt County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in De Witt County in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
37 Days41 Days+10.8%

Summary: Homes in De Witt County had an average of 41 days on market in Nov 2024, up by 10.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in De Witt County; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 2 Days Ago

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