Is Ogle County, 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, Ogle County has remained a Seller's Market.
Housing Prices in Ogle County, IL
How much do homes in Ogle County, IL cost?
Median Sold Price
$186,266
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ogle County was $186,266 in March 2024, up 10.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $77K | +18.5% |
2 Bedrooms | $115K | $139.9K | +21.7% |
3 Bedrooms | $172.5K | $185K | +7.2% |
4 Bedrooms | $220K | $239.6K | +8.9% |
5+ Bedrooms | $260K | $302.3K | +16.3% |
Summary: Ogle County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Counties
Lee County | $135K | $160K | +18.5% |
Boone County | $210.5K | $234.2K | +11.3% |
Ogle County | $169K | $186.2K | +10.2% |
Winnebago County | $155.3K | $169.9K | +9.4% |
Stephenson County | $130.7K | $120K | -8.2% |
Housing Supply in Ogle County, IL
How many homes are available in Ogle County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 116 | +6.4% |
Summary: The Ogle County real estate market had 116 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 52 | 57 | +9.6% |
4 Bedrooms | 31 | 33 | +6.5% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Ogle County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 32 | +45.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Ogle County in March 2024, up by 45.5% month-over-month. Of the 32 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for Ogle County, IL
How long does it take to sell a home in Ogle County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 47 Days | -29.3% |
Summary: Homes in Ogle County had an average of 47 days on market in Mar 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Ogle County; 56% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.