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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downs is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Downs was a Buyer's Market.

Key Takeaway

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

Housing Prices in Downs, IL

How much do homes in Downs, IL cost?

Median Sold Price

$572,500

$180/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$400,000(+231.9%)

Key Takeaway

Homes in Downs have sold for 231.9% more than they did a month ago.

Summary: The median home sold price in Downs was $572,500 in April 2024, up 231.9% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $172.5K$572.5K
+231.9%
4 --
N/A
5+ --
N/A

Summary: Downs housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 231.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Downs
+231.9%
Downs Township
+58.5%

Housing Supply in Downs, IL

How many homes are available in Downs, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
911+22.2%

Summary: The Downs real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 68
+33.3%
4 23
+50.0%
5+ 10
-100.0%

Summary: The Downs 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downs, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Downs in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Downs, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
6 Days78 Days+1200.0%

Summary: Homes in Downs had an average of 78 days on market in Apr 2024, up by 1200% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Downs; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in Downs, IL

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What housing markets are near Downs, IL?