Is Freeport, 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, Freeport has remained a Seller's Market.
Housing Prices in Freeport, IL
How much do homes in Freeport, IL cost?
Median Sold Price
$96,800
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Freeport was $96,800 in March 2024, down 7.8% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $58K | -3.3% |
2 Bedrooms | $75.5K | $85K | +12.6% |
3 Bedrooms | $110K | $119.9K | +9.0% |
4 Bedrooms | $138.5K | $110K | -20.6% |
5+ Bedrooms | $115K | $69K | -40.0% |
Summary: Freeport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes decreased by 40%.
Median Sold Price Compared To Nearby Cities
Freeport | $105K | $96.8K | -7.8% |
Freeport Township | $105K | $96.8K | -7.8% |
Housing Supply in Freeport, IL
How many homes are available in Freeport, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 79 | +9.7% |
Summary: The Freeport real estate market had 79 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 28 | 33 | +17.9% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Freeport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Freeport in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
-25 Days | 23 Days | -190.5% |
Summary: Homes in Freeport had an average of 23 days on market in Mar 2024, up by 190.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Freeport; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.