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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Douglas County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Douglas County, IL

How much do homes in Douglas County, IL cost?

Median Sold Price

$137,000

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,100(+5.5%)

Key Takeaway

Homes in Douglas County have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Douglas County was $137,000 in March 2024, up 5.5% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $48.5K$85.5K
+76.3%
2 $69.5K$102.2K
+47.1%
3 $140K$142K
+1.4%
4 $156.2K$195K
+24.8%
5+ $120K$84.5K
-29.6%

Summary: Douglas County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.3%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 29.6%.

Median Sold Price Compared To Nearby Counties

Piatt County
+23.2%
Champaign County
+11.0%
Douglas County
+5.5%

Housing Supply in Douglas County, IL

How many homes are available in Douglas County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3034+13.3%

Summary: The Douglas County real estate market had 34 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 2424
0.0%
4 12
+100.0%
5+ 13
+200.0%

Summary: The Douglas County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglas County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Douglas County in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Douglas County, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
43 Days48 Days+11.5%

Summary: Homes in Douglas County had an average of 48 days on market in Mar 2024, up by 11.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 7 homes were sold in Douglas County; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 23 Days Ago

Newest Listings in Douglas County, IL

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What housing markets are near Douglas County, IL?