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 Last Month

Since last month, 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.

How much do homes in Winnebago, IL cost?

Median Sold Price

$172,500

$107/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

+$4,000(+2.4%)

Key Takeaway

Homes in Winnebago have sold for 2.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 $147K$150K
+2.0%
3 $190K-
N/A
4 -$195K
N/A
5+ --
N/A

How many homes are available in Winnebago, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
75-28.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 21
-50.0%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
11 Days11 Days-4.3%

Breakdown of Home Sale Times

2 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.

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

About Winnebago, IL

There are 5 homes are for sale in Winnebago, IL real estate market. The number of homes for sale in Winnebago, IL decreased by 28.6% between October 2022 and November 2022. The median list price of listings available in November 2022 was $172,500, while the average time on the real estate market was 11 days. Listing prices have changed in this real estate market between November 2021 and November 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 2%, the cost of 3 bedrooms properties went up by 0%, the cost of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 50%, 3 bedrooms homes inventory decreased by 25%, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes remained the same. Winnebago, IL housing market in November 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.