Is Winnebago, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Winnebago has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150K | $228K | +52.0% |
3 Bedrooms | $192K | $240K | +25.0% |
4 Bedrooms | $212.2K | $250K | +17.8% |
5+ Bedrooms | - | $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 | $194.5K | $242.5K | +24.7% |
Winnebago | $194K | $240K | +23.7% |
Housing Supply in Winnebago, IL
How many homes are available in Winnebago, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
0 | 2 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 19 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
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.