Is Jo Daviess County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jo Daviess County was a Seller's Market.
Housing Prices in Jo Daviess County, IL
How much do homes in Jo Daviess County, IL cost?
Median Sold Price
$239,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jo Daviess County was $239,500 in May 2024, down 11.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $221K | +10.5% |
2 Bedrooms | $205K | $214.5K | +4.6% |
3 Bedrooms | $242.5K | $283K | +16.7% |
4 Bedrooms | $415K | $431.2K | +3.9% |
5+ Bedrooms | $609.5K | $547.5K | -10.2% |
Summary: Jo Daviess County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Counties
Jackson County | $168.9K | $175K | +3.6% |
Carroll County | $129.5K | $124.9K | -3.5% |
Jo Daviess County | $270.5K | $239.5K | -11.5% |
Stephenson County | $140K | $120K | -14.3% |
Housing Supply in Jo Daviess County, IL
How many homes are available in Jo Daviess County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 45 | +9.8% |
Summary: The Jo Daviess County real estate market had 45 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Jo Daviess County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Jo Daviess County in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Jo Daviess County, IL
How long does it take to sell a home in Jo Daviess County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
259 Days | 41 Days | -84.0% |
Summary: Homes in Jo Daviess County had an average of 41 days on market in May 2024, down by 84% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Jo Daviess County; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.