Is Winnebago County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Winnebago County has remained a Seller's Market.
Housing Prices in Winnebago County, IL
How much do homes in Winnebago County, IL cost?
Median Sold Price
$175,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Winnebago County was $175,000 in June 2024, up 9.4% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.7K | $82.7K | +31.9% |
2 Bedrooms | $104K | $135K | +29.8% |
3 Bedrooms | $162K | $179.7K | +10.9% |
4 Bedrooms | $215K | $233.6K | +8.7% |
5+ Bedrooms | $253.5K | $239.5K | -5.5% |
Summary: Winnebago County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Counties
Boone County | $215K | $247K | +14.9% |
Winnebago County | $159.9K | $175K | +9.4% |
Ogle County | $169.9K | $185K | +8.8% |
Rock County | $249.3K | $250.9K | +0.6% |
Stephenson County | $135.6K | $128.5K | -5.3% |
Housing Supply in Winnebago County, IL
How many homes are available in Winnebago County, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
522 | 512 | -1.9% |
Summary: The Winnebago County real estate market had 512 homes for sale in June 2024, a 1.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 106 | 90 | -15.1% |
3 Bedrooms | 253 | 265 | +4.7% |
4 Bedrooms | 125 | 120 | -4.0% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The Winnebago County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
183 | 164 | -10.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Summary: A total of 164 homes were sold or pending in Winnebago County in June 2024, down by 10.4% month-over-month. Of the 164 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Winnebago County, IL
How long does it take to sell a home in Winnebago County, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 15 Days | -8.6% |
Summary: Homes in Winnebago County had an average of 15 days on market in Jun 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
138 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 164 homes were sold in Winnebago County; 84% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.