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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeport is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Freeport, IL

How much do homes in Freeport, IL cost?

Median Sold Price

$115,000

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,416(+16.7%)

Key Takeaway

Homes in Freeport have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Freeport was $115,000 in September 2024, up 16.7% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $104K$82.5K
-20.7%
2 $71.9K$94K
+30.6%
3 $122K$125K
+2.5%
4 $100K$155K
+55.0%
5+ $69K$174.5K
+152.9%

Summary: Freeport housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 55%, and 5+ bedroom homes increased by 152.9%.

Median Sold Price Compared To Nearby Cities

Freeport Township
+17.0%
Freeport
+16.7%

Housing Supply in Freeport, IL

How many homes are available in Freeport, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
101107+5.9%

Summary: The Freeport real estate market had 107 homes for sale in September 2024, a 5.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1623
+43.8%
3 5151
0.0%
4 2625
-3.8%
5+ 88
0.0%

Summary: The Freeport housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 43.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1624+50.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeport, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Freeport in September 2024, up by 50.0% month-over-month. Of the 24 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Freeport, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
41 Days40 Days-1.8%

Summary: Homes in Freeport had an average of 40 days on market in Sep 2024, down by 1.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 24 homes were sold in Freeport; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% 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 30 Days Ago

Newest Listings in Freeport, IL

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