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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ogle County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Ogle County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Ogle County, IL

How much do homes in Ogle County, IL cost?

Median Sold Price

$188,513

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$22,863(+13.8%)

Key Takeaway

Homes in Ogle County have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Ogle County was $188,513 in May 2024, up 13.8% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $65K$77K
+18.5%
2 $113K$145.4K
+28.7%
3 $170K$189.9K
+11.7%
4 $210K$225K
+7.1%
5+ $259K$243.6K
-5.9%

Summary: Ogle County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 28.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Counties

Boone County
+14.4%
Ogle County
+13.8%
Lee County
+10.4%
Winnebago County
+8.1%
Stephenson County
-14.3%

Housing Supply in Ogle County, IL

How many homes are available in Ogle County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
122120-1.6%

Summary: The Ogle County real estate market had 120 homes for sale in May 2024, a 1.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1817
-5.6%
3 5856
-3.4%
4 3738
+2.7%
5+ 87
-12.5%

Summary: The Ogle County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3040+33.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ogle County, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Ogle County in May 2024, up by 33.3% month-over-month. Of the 40 sold homes, 53% were sold under asking, 25% were sold at asking, and 23% were sold over asking.

Days on Market for Ogle County, IL

How long does it take to sell a home in Ogle County, IL?

Average Sale Time

May 2023May 2024CHANGE
39 Days43 Days+9.5%

Summary: Homes in Ogle County had an average of 43 days on market in May 2024, up by 9.5% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 40 homes were sold in Ogle County; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% 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

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