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 seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in De Witt County, IL

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

Median Sold Price

$138,500

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,250(+17.1%)

Key Takeaway

Homes in De Witt County have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in De Witt County was $138,500 in April 2024, up 17.1% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $49.5K$37.5K
-24.2%
2 $79.9K$84.5K
+5.8%
3 $130K$155K
+19.2%
4 $155.4K$205.5K
+32.2%
5+ $168.7K$228.5K
+35.4%

Summary: De Witt County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes increased by 35.4%.

Median Sold Price Compared To Nearby Counties

Piatt County
+24.9%
De Witt County
+17.1%
McLean County
+10.0%

Housing Supply in De Witt County, IL

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4047+17.5%

Summary: The De Witt County real estate market had 47 homes for sale in April 2024, a 17.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 2023
+15.0%
4 109
-10.0%
5+ 02
+100.0%

Summary: The De Witt County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
618+200.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were 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. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in De Witt County in April 2024, up by 200.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% 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

Apr 2023Apr 2024CHANGE
62 Days17 Days-72.1%

Summary: Homes in De Witt County had an average of 17 days on market in Apr 2024, down by 72.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 April 2024, 18 homes were sold in De Witt County; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in De Witt County, IL

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