Is Winnebago 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, Winnebago County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $81K | +35.0% |
2 Bedrooms | $102.3K | $130K | +27.0% |
3 Bedrooms | $164.9K | $175K | +6.1% |
4 Bedrooms | $215K | $238.3K | +10.8% |
5+ Bedrooms | $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 | $214.9K | $246K | +14.4% |
Ogle County | $165.6K | $188.5K | +13.8% |
Winnebago County | $159.5K | $172.4K | +8.1% |
Rock County | $240K | $250K | +4.2% |
Stephenson County | $140K | $120K | -14.3% |
Housing Supply in Winnebago County, IL
How many homes are available in Winnebago County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
496 | 508 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 93 | 105 | +12.9% |
3 Bedrooms | 250 | 242 | -3.2% |
4 Bedrooms | 120 | 123 | +2.5% |
5+ Bedrooms | 27 | 32 | +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 2024 | May 2024 | CHANGE |
---|---|---|
180 | 168 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 18 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
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.