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 June 2023

Since last year, Stephenson County has remained a Seller's 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

$128,500

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$7,166(-5.3%)

Key Takeaway

Homes in Stephenson County have sold for 5.3% less than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $59K$118.7K
+101.3%
2 $81K$90.5K
+11.7%
3 $140K$141.2K
+0.9%
4 $187.4K$162K
-13.6%
5+ $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
+11.7%
Winnebago County
+9.4%
Ogle County
+8.8%
Stephenson County
-5.3%

Housing Supply in Stephenson County, IL

How many homes are available in Stephenson County, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
117113-3.4%

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

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 2220
-9.1%
3 5959
0.0%
4 2724
-11.1%
5+ 89
+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 2024Jun 2024CHANGE
3327-18.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stephenson County, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
56 Days47 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

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 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.

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

Report Updated 26 Days Ago

Newest Listings in Stephenson County, IL

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