Is Winnebago, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnebago is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Winnebago has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Winnebago, IL

How much do homes in Winnebago, IL cost?

Median Sold Price

$240,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,050(+3.0%)

Key Takeaway

Homes in Winnebago have sold for 3% more than they did a year ago.

Summary: The median home sold price in Winnebago was $240,000 in September 2024, up 3% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $150K$252.5K
+68.3%
3 $231.4K$229.9K
-0.7%
4 $263.5K$300K
+13.9%
5+ $495K$185K
-62.6%

Summary: Winnebago housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 68.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 62.6%.

Median Sold Price Compared To Nearby Cities

Winnebago
+3.0%
Winnebago Township
+1.9%

Housing Supply in Winnebago, IL

How many homes are available in Winnebago, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
13130.0%

Summary: The Winnebago real estate market had 13 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 79
+28.6%
4 64
-33.3%
5+ 00
0.0%

Summary: The Winnebago housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnebago, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Winnebago in September 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Winnebago, IL

How long does it take to sell a home in Winnebago, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days7 Days-66.4%

Summary: Homes in Winnebago had an average of 7 days on market in Sep 2024, down by 66.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 5 homes were sold in Winnebago; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Winnebago, IL

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