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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnebago County is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Winnebago County, IL cost?

Median Sold Price

$149,934

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$8,245(+5.8%)

Key Takeaway

Homes in Winnebago County have sold for 5.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $75K$63K
-16.0%
2 $97.5K$100K
+2.5%
3 $145K$155.2K
+7.0%
4 $187K$205K
+9.6%
5+ $187.4K$218.2K
+16.4%

Median Sold Price Compared To Nearby Counties

Stephenson County
+17.9%
Winnebago County
+5.8%
Ogle County
+5.7%
Boone County
+2.3%

How many homes are available in Winnebago County, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
671637-5.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 914
+55.6%
2 115107
-7.0%
3 325296
-8.9%
4 166162
-2.4%
5+ 5658
+3.6%

Number of Homes Sold

Jul 2022Aug 2022%
218183-16.1%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

87 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnebago County, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days18 Days+23.3%

Breakdown of Home Sale Times

141 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Winnebago County 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 County, IL

Homes for sale in Winnebago County, IL have reached 637. The number of homes for sale in Winnebago County, IL decreased by 5.1% between July 2022 and August 2022. Listings spent 18 days on the market in August 2022, and had a median list price of $149,934 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 16%, 2 bedrooms properties became 2.5% more expensive, the cost of 3 bedrooms properties went up by 7%, 4 bedrooms properties prices increased by 9.6%, prices of 5 bedrooms properties increased by 16.4%. This housing market inventory have changed: 1 bedroom homes inventory increased by 55.6%, 2 bedrooms homes became 7% less available, number of 3 bedrooms homes decreased by 8.9%, 4 bedrooms homes became 2.4% less available, the quantity of 5 bedrooms homes went up by 3.6%. Winnebago County, IL housing market in August 2022 saw over 87 listings sold above listed price, more than 26 sold at listed price and over 70 sold below.

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