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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnebago Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Winnebago Township, IL cost?

Median Sold Price

$193,500

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$16,400(-7.8%)

Key Takeaway

Homes in Winnebago Township have sold for 7.8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $155K$148.5K
-4.2%
3 $207.4K$191.5K
-7.7%
4 $209.9K$237K
+12.9%
5+ $660K$325K
-50.8%

Median Sold Price Compared To Nearby Cities

Byron Township
+13.0%
Rockford Township
+4.3%
Winnebago Township
-7.8%

How many homes are available in Winnebago Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
85-37.5%

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+ 10
-100.0%

Number of Homes Sold

Oct 2022Nov 2022%
32-33.3%

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 Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days11 Days0.0%

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 Township 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 Township, IL

Winnebago Township, IL has 5 homes on the market. Between October 2022 and November 2022, Winnebago Township, IL real estate market has seen decrease in the number of listings by 37.5%. Listings spent 11 days on the market in November 2022, and had a median list price of $193,500 during the same period. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 4.2%, the cost of 3 bedrooms properties went down by 7.7%, prices of 4 bedrooms properties went up by 12.9%, prices of 5 bedrooms properties went down by 50.8%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 50%, volume of 3 bedrooms homes went down by 25%, number of 4 bedrooms homes remained the same, 5 bedrooms homes became 100% less available. In November 2022, from all listings sold in Winnebago Township, IL there were more than 1 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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