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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jo Daviess County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Jo Daviess County was a Seller's Market.

Key Takeaway

Jo Daviess County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

-$31,000(-11.5%)

Key Takeaway

Homes in Jo Daviess County have sold for 11.5% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $200K$221K
+10.5%
2 $205K$214.5K
+4.6%
3 $242.5K$283K
+16.7%
4 $415K$431.2K
+3.9%
5+ $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
+3.6%
Carroll County
-3.5%
Jo Daviess County
-11.5%
Stephenson County
-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 2024May 2024CHANGE
4145+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

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 78
+14.3%
3 1514
-6.7%
4 1113
+18.2%
5+ 67
+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 2024May 2024CHANGE
57+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jo Daviess County, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
259 Days41 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jo Daviess County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Jo Daviess County, IL

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