Is Freeport, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeport is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Freeport was a Neutral Market.

Key Takeaway

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

Housing Prices in Freeport, IL

How much do homes in Freeport, IL cost?

Median Sold Price

$117,000

$76/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,050(+17.1%)

Key Takeaway

Homes in Freeport have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Freeport was $117,000 in December 2024, up 17.1% from last year, and the median price per square foot was $76.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $58K$65.7K
+13.4%
2 $76K$92K
+21.1%
3 $130K$126K
-3.1%
4 $110K$140K
+27.3%
5+ $94.5K$104K
+10.1%

Summary: Freeport housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 21.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Cities

Freeport
+17.1%
Freeport Township
+17.1%
Harlem Township
+16.3%

Housing Supply in Freeport, IL

How many homes are available in Freeport, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9990-9.1%

Summary: The Freeport real estate market had 90 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 2118
-14.3%
3 5042
-16.0%
4 2021
+5.0%
5+ 78
+14.3%

Summary: The Freeport housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1916-15.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeport, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Freeport in December 2024, down by 15.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.

Days on Market for Freeport, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
15 Days68 Days+329.1%

Summary: Homes in Freeport had an average of 68 days on market in Dec 2024, up by 329.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 16 homes were sold in Freeport; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in Freeport, IL

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