Is Douglas, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Douglas was a Seller's Market.
Housing Prices in Douglas, IL
How much do homes in Douglas, IL cost?
Median Sold Price
$230,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Douglas was $230,000 in March 2024, down 17.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $122.5K | -1.9% |
2 Bedrooms | $262.5K | $217.2K | -17.3% |
3 Bedrooms | $380K | $333K | -12.4% |
4 Bedrooms | $439.5K | $499.9K | +13.7% |
5+ Bedrooms | $799K | $441K | -44.8% |
Summary: Douglas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 44.8%.
Median Sold Price Compared To Nearby Neighborhoods
Central | $366.8K | $381.2K | +3.9% |
Near South Side | $376K | $380K | +1.1% |
Oakland | $385K | $374.5K | -2.7% |
Douglas | $279K | $230K | -17.6% |
Housing Supply in Douglas, IL
How many homes are available in Douglas, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 51 | +37.8% |
Summary: The Douglas real estate market had 51 homes for sale in March 2024, a 37.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 15 | 21 | +40.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Douglas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Douglas in March 2024, down by 57.1% 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 Douglas, IL
How long does it take to sell a home in Douglas, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 88 Days | +41.0% |
Summary: Homes in Douglas had an average of 88 days on market in Mar 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Douglas; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.