Is Ogle County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ogle County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $77K | +18.5% |
2 Bedrooms | $113K | $145.4K | +28.7% |
3 Bedrooms | $170K | $189.9K | +11.7% |
4 Bedrooms | $210K | $225K | +7.1% |
5+ Bedrooms | $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 | $214.9K | $246K | +14.4% |
Ogle County | $165.6K | $188.5K | +13.8% |
Lee County | $145K | $160.1K | +10.4% |
Winnebago County | $159.5K | $172.4K | +8.1% |
Stephenson County | $140K | $120K | -14.3% |
Housing Supply in Ogle County, IL
How many homes are available in Ogle County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 120 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 58 | 56 | -3.4% |
4 Bedrooms | 37 | 38 | +2.7% |
5+ Bedrooms | 8 | 7 | -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 2024 | May 2024 | CHANGE |
---|---|---|
30 | 40 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 43 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
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.