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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeport Township is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Freeport Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Freeport Township, IL

How much do homes in Freeport Township, IL cost?

Median Sold Price

$96,966

$74/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$9,533(-9.0%)

Key Takeaway

Homes in Freeport Township have sold for 9% less than they did a year ago.

Summary: The median home sold price in Freeport Township was $96,966 in April 2024, down 9% from last year, and the median price per square foot was $74.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $60K$58K
-3.3%
2 $76K$86K
+13.2%
3 $111K$120K
+8.1%
4 $118.4K$110K
-7.1%
5+ $120K$68.5K
-42.9%

Summary: Freeport Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 42.9%.

Median Sold Price Compared To Nearby Cities

Freeport
-8.9%
Freeport Township
-9.0%

Housing Supply in Freeport Township, IL

How many homes are available in Freeport Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7882+5.1%

Summary: The Freeport Township real estate market had 82 homes for sale in April 2024, a 5.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1314
+7.7%
3 3335
+6.1%
4 2525
0.0%
5+ 66
0.0%

Summary: The Freeport Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 18 homes were sold or pending in Freeport Township in April 2024, up by 5.9% month-over-month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Freeport Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
82 Days46 Days-43.4%

Summary: Homes in Freeport Township had an average of 46 days on market in Apr 2024, down by 43.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 18 homes were sold in Freeport Township; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% 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 10 Days Ago

Newest Listings in Freeport Township, IL

Nearby Markets to Freeport Township, IL

What housing markets are near Freeport Township, IL?