Is Stephenson County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Stephenson County was a Neutral Market.
Housing Prices in Stephenson County, IL
How much do homes in Stephenson County, IL cost?
Median Sold Price
$121,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Stephenson County was $121,000 in April 2024, down 10.3% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $106.5K | +77.5% |
2 Bedrooms | $81K | $87K | +7.4% |
3 Bedrooms | $140K | $132.5K | -5.4% |
4 Bedrooms | $182.5K | $168.7K | -7.5% |
5+ Bedrooms | $168.5K | $69K | -59.1% |
Summary: Stephenson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.5%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 59.1%.
Median Sold Price Compared To Nearby Counties
Winnebago County | $157.2K | $172.2K | +9.5% |
Ogle County | $169.2K | $184.5K | +9.0% |
Carroll County | $120K | $124.9K | +4.1% |
Stephenson County | $134.8K | $121K | -10.3% |
Housing Supply in Stephenson County, IL
How many homes are available in Stephenson County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 104 | +2.0% |
Summary: The Stephenson County real estate market had 104 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 48 | 49 | +2.1% |
4 Bedrooms | 31 | 28 | -9.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Stephenson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Stephenson County in April 2024, the same as the previous month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 54 Days | -36.2% |
Summary: Homes in Stephenson County had an average of 54 days on market in Apr 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Stephenson County; 54% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.