Karen Pioch

Davis, IL 61019

Single-Family Homes

Licensed Realtor, Greater Chicagoland and Lake Summerset Expert



Davis, IL 61019

Thu Sep 16 2021
This week the median list price for Davis, IL 61019 is $199,900 with the market action index hovering around 61. This is less than last month's market action index of 67. Inventory has increased to 5. Click here to stay informed with the Davis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Davis, IL 61019

Thu Sep 16 2021
This week the median list price for Davis, IL 61019 is $199,900 with the market action index hovering around 61. This is less than last month's market action index of 67. Inventory has increased to 5. Click here to stay informed with the Davis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Davis market.
Median List Price $199,900
Median Price of New Listings $0
Per Square Foot $83
Average Days on Market 31
Median Days on Market 28
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 61
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$395,000 3,071 0.5 - 1 acre 4 3 42 0 0 49
$349,000 4,158 - 4 3 26 0 0 35
$199,900 3,200 0.25 - 0.5 acre 4 3 37 0 0 28
$169,450 1,876 0.25 - 0.5 acre 3 1 48 0 0 21