Is Douglas County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Douglas County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.5K | $85.5K | +76.3% |
2 Bedrooms | $69.5K | $102.2K | +47.1% |
3 Bedrooms | $140K | $142K | +1.4% |
4 Bedrooms | $156.2K | $195K | +24.8% |
5+ Bedrooms | $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 | $180K | $221.7K | +23.2% |
Champaign County | $189.5K | $210.3K | +11.0% |
Douglas County | $129.9K | $137K | +5.5% |
Housing Supply in Douglas County, IL
How many homes are available in Douglas County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 34 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 3 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 7 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 48 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
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.