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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davis is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Davis, IL

How much do homes in Davis, IL cost?

Median Sold Price

$295,000

$143/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$96,000(+48.2%)

Key Takeaway

Homes in Davis have sold for 48.2% more than they did a month ago.

Summary: The median home sold price in Davis was $295,000 in April 2024, up 48.2% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $155K-
N/A
3 $406.5K$266K
-34.6%
4 $140K$295K
+110.7%
5+ --
N/A

Summary: Davis housing prices by bedroom type for April 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 34.6%, 4 bedroom homes increased by 110.7%, and 5+ bedroom homes did not change.

Housing Supply in Davis, IL

How many homes are available in Davis, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
96-33.3%

Summary: The Davis real estate market had 6 homes for sale in April 2024, a 33.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 65
-16.7%
4 21
-50.0%
5+ 00
0.0%

Summary: The Davis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 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, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Davis in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Davis, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
88 Days26 Days-70.1%

Summary: Homes in Davis had an average of 26 days on market in Apr 2024, down by 70.1% compared to last month.

Breakdown of Home Sale Times

2 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

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

Summary: During April 2024, 3 homes were sold in Davis; 67% of homes were sold within 30 days, 33% 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 5 Days Ago

Newest Listings in Davis, IL

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