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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Douglas County was a Seller's Market.

Key Takeaway

Douglas County 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 Douglas County, IL

How much do homes in Douglas County, IL cost?

Median Sold Price

$140,000

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+12.0%)

Key Takeaway

Homes in Douglas County have sold for 12% more than they did a year ago.

Summary: The median home sold price in Douglas County was $140,000 in November 2024, up 12% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $57.7K$47K
-18.6%
2 $99.9K$99.2K
-0.7%
3 $132K$135K
+2.3%
4 $158.1K$197.5K
+24.9%
5+ $75K$205K
+173.3%

Summary: Douglas County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes increased by 173.3%.

Median Sold Price Compared To Nearby Counties

Douglas County
+12.0%
Piatt County
+10.9%
Champaign County
+10.8%
Coles County
+7.3%
Edgar County
+2.3%

Housing Supply in Douglas County, IL

How many homes are available in Douglas County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4955+12.2%

Summary: The Douglas County real estate market had 55 homes for sale in November 2024, a 12.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 3135
+12.9%
4 98
-11.1%
5+ 22
0.0%

Summary: The Douglas 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 increased by 42.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglas County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Douglas County in November 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Douglas County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days20 Days-2.9%

Summary: Homes in Douglas County had an average of 20 days on market in Nov 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Douglas County; 75% of homes were sold within 30 days, 25% 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 Douglas County, IL

Nearby Markets to Douglas County, IL

What housing markets are near Douglas County, IL?