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 December 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 December 2023

+$6,000(+4.6%)

Key Takeaway

Homes in De Witt County have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in De Witt County was $137,000 in December 2024, up 4.6% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $148.7K$45.9K
-69.1%
2 $82.5K$107.6K
+30.5%
3 $145K$145.2K
0.2%
4 $192.4K$211K
+9.6%
5+ $228.5K$120K
-47.5%

Summary: De Witt County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.1%, 2 bedroom homes increased by 30.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 47.5%.

Median Sold Price Compared To Nearby Counties

Piatt County
+11.0%
Macon County
+7.7%
McLean County
+7.4%
De Witt County
+4.6%

Housing Supply in De Witt County, IL

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4647+2.2%

Summary: The De Witt County real estate market had 47 homes for sale in December 2024, a 2.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 77
0.0%
3 3130
-3.2%
4 78
+14.3%
5+ 12
+100.0%

Summary: The De Witt County housing inventory by bedroom type for December 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 3.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in De Witt County, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in De Witt County in December 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% 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

Dec 2023Dec 2024CHANGE
17 Days15 Days-9.5%

Summary: Homes in De Witt County had an average of 15 days on market in Dec 2024, down by 9.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 December 2024, 11 homes were sold in De Witt County; 73% of homes were sold within 30 days, 27% 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 6 Days Ago

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