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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Douglas has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Douglas, IL

How much do homes in Douglas, IL cost?

Median Sold Price

$219,950

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$35,950(-14.0%)

Key Takeaway

Homes in Douglas have sold for 14% less than they did a year ago.

Summary: The median home sold price in Douglas was $219,950 in November 2024, down 14% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $121.5K$134K
+10.3%
2 $237K$216.7K
-8.5%
3 $345K$301.5K
-12.6%
4 $470K$450K
-4.3%
5+ $502.5K$641K
+27.6%

Summary: Douglas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 27.6%.

Median Sold Price Compared To Nearby Neighborhoods

Oakland
+4.7%
Central
+4.7%
Near South Side
+2.5%
Douglas
-14.0%

Housing Supply in Douglas, IL

How many homes are available in Douglas, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3542+20.0%

Summary: The Douglas real estate market had 42 homes for sale in November 2024, a 20.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 911
+22.2%
2 1114
+27.3%
3 68
+33.3%
4 32
-33.3%
5+ 67
+16.7%

Summary: The Douglas housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglas, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Douglas in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Douglas, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days37 Days+30.9%

Summary: Homes in Douglas had an average of 37 days on market in Nov 2024, up by 30.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Douglas; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 21 Days Ago

Newest Listings in Douglas, IL

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