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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ogle County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Ogle County has remained a Seller's Market.

Key Takeaway

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

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

+$17,266(+10.2%)

Key Takeaway

Homes in Ogle County have sold for 10.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $65K$77K
+18.5%
2 $115K$139.9K
+21.7%
3 $172.5K$185K
+7.2%
4 $220K$239.6K
+8.9%
5+ $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
+18.5%
Boone County
+11.3%
Ogle County
+10.2%
Winnebago County
+9.4%
Stephenson County
-8.2%

Housing Supply in Ogle County, IL

How many homes are available in Ogle County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
109116+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2018
-10.0%
3 5257
+9.6%
4 3133
+6.5%
5+ 57
+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 2024Mar 2024CHANGE
2232+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ogle County, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
66 Days47 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 25 Days Ago

Newest Listings in Ogle County, IL

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