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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Douglas was a Seller's Market.

Key Takeaway

Douglas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$49,000(-17.6%)

Key Takeaway

Homes in Douglas have sold for 17.6% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $125K$122.5K
-1.9%
2 $262.5K$217.2K
-17.3%
3 $380K$333K
-12.4%
4 $439.5K$499.9K
+13.7%
5+ $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
+3.9%
Near South Side
+1.1%
Oakland
-2.7%
Douglas
-17.6%

Housing Supply in Douglas, IL

How many homes are available in Douglas, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3751+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

# BEDSFeb 2024Mar 2024CHANGE
1 911
+22.2%
2 1521
+40.0%
3 59
+80.0%
4 65
-16.7%
5+ 25
+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 2024Mar 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglas, 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 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 2023Mar 2024CHANGE
62 Days88 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Douglas are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Douglas, IL

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