Is Stephenson County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Stephenson County has remained a Seller's Market.
Housing Prices in Stephenson County, IL
How much do homes in Stephenson County, IL cost?
Median Sold Price
$128,500
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Stephenson County was $128,500 in June 2024, down 5.3% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59K | $118.7K | +101.3% |
2 Bedrooms | $81K | $90.5K | +11.7% |
3 Bedrooms | $140K | $141.2K | +0.9% |
4 Bedrooms | $187.4K | $162K | -13.6% |
5+ Bedrooms | $138.5K | $70K | -49.5% |
Summary: Stephenson County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 101.3%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 49.5%.
Median Sold Price Compared To Nearby Counties
Carroll County | $115K | $128.5K | +11.7% |
Winnebago County | $159.9K | $175K | +9.4% |
Ogle County | $169.9K | $185K | +8.8% |
Stephenson County | $135.6K | $128.5K | -5.3% |
Housing Supply in Stephenson County, IL
How many homes are available in Stephenson County, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
117 | 113 | -3.4% |
Summary: The Stephenson County real estate market had 113 homes for sale in June 2024, a 3.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 22 | 20 | -9.1% |
3 Bedrooms | 59 | 59 | 0.0% |
4 Bedrooms | 27 | 24 | -11.1% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Stephenson County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 27 | -18.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Stephenson County in June 2024, down by 18.2% month-over-month. Of the 27 sold homes, 59% were sold under asking, 26% were sold at asking, and 15% were sold over asking.
Days on Market for Stephenson County, IL
How long does it take to sell a home in Stephenson County, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
56 Days | 47 Days | -15.8% |
Summary: Homes in Stephenson County had an average of 47 days on market in Jun 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 27 homes were sold in Stephenson County; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.