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 June 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

$175,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$15,100(+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 $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

# BEDSJun 2023Jun 2024CHANGE
1 $62.7K$82.7K
+31.9%
2 $104K$135K
+29.8%
3 $162K$179.7K
+10.9%
4 $215K$233.6K
+8.7%
5+ $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
+14.9%
Winnebago County
+9.4%
Ogle County
+8.8%
Rock County
+0.6%
Stephenson County
-5.3%

Housing Supply in Winnebago County, IL

How many homes are available in Winnebago County, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
522512-1.9%

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

# BEDSMay 2024Jun 2024CHANGE
1 68
+33.3%
2 10690
-15.1%
3 253265
+4.7%
4 125120
-4.0%
5+ 3229
-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 2024Jun 2024CHANGE
183164-10.4%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

91 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnebago County, you could pay more than the asking price. 55.5% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
17 Days15 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

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 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.

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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