Is Davis Junction, IL 61020 a buyer’s or seller’s market?
Davis Junction is a seller’s market. With about 3.2 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Davis Junction housing market right now
In the three months ending August 31, 2026, 33% of homes in Davis Junction, IL 61020 sold above their list price, the typical home went under contract in 6 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold faster (14 days then) and the median sale price rose 2% to $299,770. Overall, Davis Junction is less competitive than a year ago, which gives buyers more room.
Within Ogle County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Lindenwood 61049 (0% sold over asking) or Esmond 60129 (0% sold over asking), while Mount Morris 61054 (55% sold over asking) and Byron 61010 (47% sold over asking) are even more competitive.
Run the numbers for 61020
Nearby markets
Baileyville 61007 — /sq ftByron 61010Seller’s market $147 /sq ftChana 61015Seller’s market $190 /sq ftCreston 60113 — /sq ft Browse all markets →Towns like Davis Junction nearby
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Questions about Davis Junction real estate
Is Davis Junction a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Davis Junction, IL 61020 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Davis Junction?
The typical home went under contract in 6 days in the latest three months.
Do homes in Davis Junction sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Davis Junction?
About 2.06% of a home’s value a year in Ogle County, or roughly $8,240 on a $400,000 home.
What is the median home price in Davis Junction?
The median sale price was $299,770 in the three months ending August 31, 2026, about $164 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology