Is Du Quoin, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Du Quoin is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Du Quoin was a Seller's Market.

Key Takeaway

Du Quoin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Du Quoin, IL

How much do homes in Du Quoin, IL cost?

Median Sold Price

$103,000

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,900(+23.9%)

Key Takeaway

Homes in Du Quoin have sold for 23.9% more than they did a year ago.

Summary: The median home sold price in Du Quoin was $103,000 in November 2024, up 23.9% from last year, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $36.5K$30K
-17.8%
2 $69K$75K
+8.7%
3 $79.9K$124.5K
+55.8%
4 $125K$233K
+86.4%
5+ $118.5K$100K
-15.6%

Summary: Du Quoin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 55.8%, 4 bedroom homes increased by 86.4%, and 5+ bedroom homes decreased by 15.6%.

Housing Supply in Du Quoin, IL

How many homes are available in Du Quoin, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4038-5.0%

Summary: The Du Quoin real estate market had 38 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 2219
-13.6%
4 66
0.0%
5+ 11
0.0%

Summary: The Du Quoin 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 9.1%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Du Quoin, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Du Quoin in November 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Du Quoin, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days80 Days+61.3%

Summary: Homes in Du Quoin had an average of 80 days on market in Nov 2024, up by 61.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Du Quoin has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Du Quoin; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

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