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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stephenson County is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Stephenson County was a Neutral Market.

Key Takeaway

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

Housing Prices in Stephenson County, IL

How much do homes in Stephenson County, IL cost?

Median Sold Price

$120,000

$76/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,750(-8.2%)

Key Takeaway

Homes in Stephenson County have sold for 8.2% less than they did a year ago.

Summary: The median home sold price in Stephenson County was $120,000 in March 2024, down 8.2% from last year, and the median price per square foot was $76.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $60K$106.5K
+77.5%
2 $81K$85K
+4.9%
3 $135K$132.5K
-1.9%
4 $170K$162K
-4.7%
5+ $138.5K$157K
+13.4%

Summary: Stephenson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Counties

Ogle County
+10.2%
Winnebago County
+9.4%
Carroll County
+5.9%
Stephenson County
-8.2%

Housing Supply in Stephenson County, IL

How many homes are available in Stephenson County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
97105+8.2%

Summary: The Stephenson County real estate market had 105 homes for sale in March 2024, a 8.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1618
+12.5%
3 4149
+19.5%
4 3231
-3.1%
5+ 86
-25.0%

Summary: The Stephenson 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 increased by 12.5%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stephenson County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Stephenson County in March 2024, up by 47.1% month-over-month. Of the 25 sold homes, 60% were sold under asking, 12% were sold at asking, and 28% 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

Mar 2023Mar 2024CHANGE
-18 Days32 Days-277.9%

Summary: Homes in Stephenson County had an average of 32 days on market in Mar 2024, up by 277.9% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 25 homes were sold in Stephenson County; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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 20 Days Ago

Newest Listings in Stephenson County, IL

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