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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnebago is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Winnebago has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Winnebago, IL

How much do homes in Winnebago, IL cost?

Median Sold Price

$240,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$46,000(+23.7%)

Key Takeaway

Homes in Winnebago have sold for 23.7% more than they did a year ago.

Summary: The median home sold price in Winnebago was $240,000 in May 2024, up 23.7% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $150K$228K
+52.0%
3 $192K$240K
+25.0%
4 $212.2K$250K
+17.8%
5+ -$340K
N/A

Summary: Winnebago housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Winnebago Township
+24.7%
Winnebago
+23.7%

Housing Supply in Winnebago, IL

How many homes are available in Winnebago, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
46+50.0%

Summary: The Winnebago real estate market had 6 homes for sale in May 2024, a 50.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 13
+200.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Winnebago housing inventory by bedroom type for May 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 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnebago, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

Days on Market for Winnebago, IL

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

Average Sale Time

May 2023May 2024CHANGE
15 Days19 Days+30.0%

Summary: Homes in Winnebago had an average of 19 days on market in May 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Winnebago; 50% of homes were sold within 30 days, 50% 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 6 Days Ago

Newest Listings in Winnebago, IL

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