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 October 2021

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.

How much do homes in Freeport, IL cost?

Median Sold Price

$99,900

$68/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$22,300(+28.7%)

Key Takeaway

Homes in Freeport have sold for 28.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $36K$60K
+66.7%
2 $58.9K$78K
+32.4%
3 $84.9K$105K
+23.6%
4 $85.7K$159K
+85.4%
5+ $91.8K$136K
+48.0%

Median Sold Price Compared To Nearby Cities

Freeport
+28.7%
Freeport Township
+28.7%

How many homes are available in Freeport, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
7068-2.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 1115
+36.4%
3 3932
-17.9%
4 1012
+20.0%
5+ 88
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1720+17.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 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.

Average Sale Time

Oct 2021Oct 2022%
40 Days38 Days-4.3%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Freeport, IL

Homes for sale in Freeport, IL have reached 68. The number of listings in Freeport, IL decreased by 2.9% between September 2022 and October 2022. In October 2022, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $99,900. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 66.7%, prices of 2 bedrooms properties went up by 32.4%, 3 bedrooms properties became 23.6% more expensive, the cost of 4 bedrooms properties went up by 85.4%, prices of 5 bedrooms properties went up by 48%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 50% less available, 2 bedrooms homes became 36.4% more available, the quantity of 3 bedrooms homes went down by 17.9%, 4 bedrooms homes inventory increased by 20%, 5 bedrooms homes inventory did not change. In October 2022, from all listings sold in Freeport, IL there were more than 4 sold above asking price, over 10 sold below and more than 6 were sold right at the asked price.

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