Is Davis Junction, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Davis Junction has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $211K | N/A |
3 Bedrooms | $201K | $237.1K | +18.0% |
4 Bedrooms | $261.4K | $299K | +14.4% |
5+ Bedrooms | $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 | $210K | $260K | +23.8% |
Davis Junction | $212K | $246.1K | +16.1% |
Rockford Township | $132.1K | $153.5K | +16.1% |
Housing Supply in Davis Junction, IL
How many homes are available in Davis Junction, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 1 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
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.