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 March 2023

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.

Housing Prices in Winnebago County, IL

How much do homes in Winnebago County, IL cost?

Median Sold Price

$169,992

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,598(+9.4%)

Key Takeaway

Homes in Winnebago County have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Winnebago County was $169,992 in March 2024, up 9.4% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $53.5K$90.3K
+68.8%
2 $102.5K$129.6K
+26.4%
3 $164K$170.5K
+4.0%
4 $210K$229.5K
+9.3%
5+ $218.7K$241.5K
+10.4%

Summary: Winnebago County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.8%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Counties

Boone County
+11.3%
Rock County
+10.4%
Ogle County
+10.2%
Winnebago County
+9.4%
Stephenson County
-8.2%

Housing Supply in Winnebago County, IL

How many homes are available in Winnebago County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
402423+5.2%

Summary: The Winnebago County real estate market had 423 homes for sale in March 2024, a 5.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 76
-14.3%
2 8181
0.0%
3 195212
+8.7%
4 92100
+8.7%
5+ 2724
-11.1%

Summary: The Winnebago County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
124129+4.0%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

56 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. 43.4% of homes here sold above asking price last month.

Summary: A total of 129 homes were sold or pending in Winnebago County in March 2024, up by 4.0% month-over-month. Of the 129 sold homes, 41% were sold under asking, 16% were sold at asking, and 43% 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

Mar 2023Mar 2024CHANGE
31 Days31 Days0.2%

Summary: Homes in Winnebago County had an average of 31 days on market in Mar 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

16 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.

Summary: During March 2024, 129 homes were sold in Winnebago County; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% 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 26 Days Ago

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