Is Boone County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Boone County has remained a Seller's Market.
Housing Prices in Boone County, IL
How much do homes in Boone County, IL cost?
Median Sold Price
$234,250
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Boone County was $234,250 in March 2024, up 11.3% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237K | $85K | -64.1% |
2 Bedrooms | $137.4K | $145.7K | +6.0% |
3 Bedrooms | $205K | $235K | +14.6% |
4 Bedrooms | $272.5K | $262.4K | -3.7% |
5+ Bedrooms | $235K | $305K | +29.8% |
Summary: Boone County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Counties
Boone County | $210.5K | $234.2K | +11.3% |
DeKalb County | $229.9K | $255.1K | +10.9% |
Rock County | $225K | $248.3K | +10.4% |
McHenry County | $299.6K | $319.9K | +6.8% |
Walworth County | $330.4K | $350K | +5.9% |
Housing Supply in Boone County, IL
How many homes are available in Boone County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 94 | +2.2% |
Summary: The Boone County real estate market had 94 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 50 | 48 | -4.0% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Boone County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 34 | +47.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Boone County in March 2024, up by 47.8% month-over-month. Of the 34 sold homes, 26% were sold under asking, 24% were sold at asking, and 50% were sold over asking.
Days on Market for Boone County, IL
How long does it take to sell a home in Boone County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 45 Days | +13.9% |
Summary: Homes in Boone County had an average of 45 days on market in Mar 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Boone County; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.