Is Jo Daviess County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jo Daviess County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Jo Daviess County was a Seller's Market.

Key Takeaway

Jo Daviess County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jo Daviess County, IL

How much do homes in Jo Daviess County, IL cost?

Median Sold Price

$240,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-4.0%)

Key Takeaway

Homes in Jo Daviess County have sold for 4% less than they did a year ago.

Summary: The median home sold price in Jo Daviess County was $240,000 in March 2024, down 4% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $200K$447.5K
+123.8%
2 $198.5K$210K
+5.8%
3 $235K$283K
+20.4%
4 $407.5K$501.9K
+23.2%
5+ $548K$572.5K
+4.5%

Summary: Jo Daviess County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.8%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Counties

Carroll County
+5.9%
Jo Daviess County
-4.0%
Stephenson County
-8.2%

Housing Supply in Jo Daviess County, IL

How many homes are available in Jo Daviess County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2833+17.9%

Summary: The Jo Daviess County real estate market had 33 homes for sale in March 2024, a 17.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 76
-14.3%
3 910
+11.1%
4 810
+25.0%
5+ 46
+50.0%

Summary: The Jo Daviess County 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 decreased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Jo Daviess County in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Jo Daviess County, IL

How long does it take to sell a home in Jo Daviess County, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
64 Days87 Days+35.9%

Summary: Homes in Jo Daviess County had an average of 87 days on market in Mar 2024, up by 35.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Jo Daviess County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 4 homes were sold in Jo Daviess County; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in Jo Daviess County, IL

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