Is Davis Junction, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davis Junction is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Davis Junction, IL

How much do homes in Davis Junction, IL cost?

Median Sold Price

$246,172

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,097(+16.1%)

Key Takeaway

Homes in Davis Junction have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Davis Junction was $246,172 in May 2024, up 16.1% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$211K
N/A
3 $201K$237.1K
+18.0%
4 $261.4K$299K
+14.4%
5+ $340K-
N/A

Summary: Davis Junction housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Scott Township
+23.8%
Davis Junction
+16.1%
Rockford Township
+16.1%

Housing Supply in Davis Junction, IL

How many homes are available in Davis Junction, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
54-20.0%

Summary: The Davis Junction real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 22
0.0%
4 12
+100.0%
5+ 00
0.0%

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

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

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 Davis Junction, 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 Davis Junction in May 2024, the same as the previous 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 Davis Junction, IL

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

Average Sale Time

May 2023May 2024CHANGE
5 Days1 Day-82.6%

Summary: Homes in Davis Junction had an average of 1 days on market in May 2024, down by 82.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Davis Junction; 100% of homes were sold within 30 days, 0% 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 1 Day Ago

Newest Listings in Davis Junction, IL

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