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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnebago County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Winnebago County, IL

How much do homes in Winnebago County, IL cost?

Median Sold Price

$172,483

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$12,947(+8.1%)

Key Takeaway

Homes in Winnebago County have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Winnebago County was $172,483 in May 2024, up 8.1% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $60K$81K
+35.0%
2 $102.3K$130K
+27.0%
3 $164.9K$175K
+6.1%
4 $215K$238.3K
+10.8%
5+ $247.2K$229K
-7.4%

Summary: Winnebago County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Counties

Boone County
+14.4%
Ogle County
+13.8%
Winnebago County
+8.1%
Rock County
+4.2%
Stephenson County
-14.3%

Housing Supply in Winnebago County, IL

How many homes are available in Winnebago County, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
496508+2.4%

Summary: The Winnebago County real estate market had 508 homes for sale in May 2024, a 2.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 66
0.0%
2 93105
+12.9%
3 250242
-3.2%
4 120123
+2.5%
5+ 2732
+18.5%

Summary: The Winnebago County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 18.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
180168-6.7%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

86 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnebago County, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.

Summary: A total of 168 homes were sold or pending in Winnebago County in May 2024, down by 6.7% month-over-month. Of the 168 sold homes, 32% were sold under asking, 17% were sold at asking, and 51% were sold over asking.

Days on Market for Winnebago County, IL

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

Average Sale Time

May 2023May 2024CHANGE
19 Days18 Days-2.3%

Summary: Homes in Winnebago County had an average of 18 days on market in May 2024, down by 2.3% compared to last year.

Breakdown of Home Sale Times

137 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 168 homes were sold in Winnebago County; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% 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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