Is De Witt County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing De Witt County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, De Witt County was a Seller's Market.

Key Takeaway

De Witt County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in De Witt County, IL

How much do homes in De Witt County, IL cost?

Median Sold Price

$135,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,000(+16.4%)

Key Takeaway

Homes in De Witt County have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in De Witt County was $135,000 in March 2024, up 16.4% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $49.5K$37.5K
-24.2%
2 $79K$85K
+7.6%
3 $129.9K$163.4K
+25.8%
4 $155.4K$201K
+29.3%
5+ $168.7K$228.5K
+35.4%

Summary: De Witt County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 35.4%.

Median Sold Price Compared To Nearby Counties

Piatt County
+23.2%
De Witt County
+16.4%
McLean County
+12.5%

Housing Supply in De Witt County, IL

How many homes are available in De Witt County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3739+5.4%

Summary: The De Witt County real estate market had 39 homes for sale in March 2024, a 5.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 58
+60.0%
3 2120
-4.8%
4 1011
+10.0%
5+ 00
0.0%

Summary: The De Witt County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in De Witt County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in De Witt County in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for De Witt County, IL

How long does it take to sell a home in De Witt County, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
46 Days27 Days-40.9%

Summary: Homes in De Witt County had an average of 27 days on market in Mar 2024, down by 40.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in De Witt County; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 24 Days Ago

Newest Listings in De Witt County, IL

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