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 neutral's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

Stephenson County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Stephenson County, IL cost?

Median Sold Price

$134,500

$78/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$18,000(+15.5%)

Key Takeaway

Homes in Stephenson County have sold for 15.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $52.5K$60K
+14.3%
2 $72.7K$82.5K
+13.4%
3 $124.9K$130K
+4.1%
4 $145K$187.4K
+29.3%
5+ $182K$250K
+37.4%

Median Sold Price Compared To Nearby Counties

Stephenson County
+15.5%
Winnebago County
+6.8%
Ogle County
+5.4%
Carroll County
0.2%

How many homes are available in Stephenson County, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
8782-5.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 1816
-11.1%
3 4237
-11.9%
4 2224
+9.1%
5+ 44
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
1513-13.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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. 69.2% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
53 Days56 Days+7.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stephenson County has remained consistent over time.

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

About Stephenson County, IL

Homes for sale in Stephenson County, IL have reached 82. The number of homes for sale in Stephenson County, IL decreased by 5.7% between December 2022 and January 2023. Listings spent 56 days on the market in January 2023, and had a median list price of $134,500 during the same period. Listing prices have changed in this real estate market between December 2022 and January 2023: 1 bedroom properties became 14.3% more expensive, 2 bedrooms properties became 13.4% more expensive, prices of 3 bedrooms properties increased by 4.1%, prices of 4 bedrooms properties went up by 29.3%, prices of 5 bedrooms properties went up by 37.4%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 11.1%, 3 bedrooms homes inventory decreased by 11.9%, the quantity of 4 bedrooms homes went up by 9.1%, volume of 5 bedrooms homes stayed the same. In January 2023 more than 2 listings in Stephenson County, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 9 were sold below.

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