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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Douglas is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in New Douglas, IL

How much do homes in New Douglas, IL cost?

Median Sold Price

$145,000

$111/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$179,000(-55.2%)

Key Takeaway

Homes in New Douglas have sold for 55.2% less than they did a month ago.

Summary: The median home sold price in New Douglas was $145,000 in October 2024, down 55.2% from last month, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $493K$145K
-70.6%
4 $155K-
N/A
5+ --
N/A

Summary: New Douglas housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 70.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Douglas
-55.2%
New Douglas Township
-55.2%

Housing Supply in New Douglas, IL

How many homes are available in New Douglas, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43-25.0%

Summary: The New Douglas real estate market had 3 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 10
-100.0%
5+ 00
0.0%

Summary: The New Douglas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Douglas, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in New Douglas in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for New Douglas, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
39 Days38 Days-3.8%

Summary: Homes in New Douglas had an average of 38 days on market in Oct 2024, down by 3.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Douglas has remained consistent over time.

Summary: During October 2024, 1 homes were sold in New Douglas; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in New Douglas, IL

Nearby Markets to New Douglas, IL