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 November 2023

Since last year, Freeport has remained a Seller's 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

$115,000

$76/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,750(+17.0%)

Key Takeaway

Homes in Freeport have sold for 17% more than they did a year ago.

Summary: The median home sold price in Freeport was $115,000 in November 2024, up 17% from last year, and the median price per square foot was $76.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $58K$65.7K
+13.4%
2 $75K$91.6K
+22.2%
3 $129.9K$126K
-3.0%
4 $110K$147.5K
+34.1%
5+ $94.5K$104K
+10.1%

Summary: Freeport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Cities

Freeport
+17.0%
Freeport Township
+17.0%

Housing Supply in Freeport, IL

How many homes are available in Freeport, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107103-3.7%

Summary: The Freeport real estate market had 103 homes for sale in November 2024, a 3.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2322
-4.3%
3 5353
0.0%
4 2420
-16.7%
5+ 67
+16.7%

Summary: The Freeport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 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. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Freeport in November 2024, down by 20.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% 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

Nov 2023Nov 2024CHANGE
20 Days21 Days+3.1%

Summary: Homes in Freeport had an average of 21 days on market in Nov 2024, up by 3.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 19 homes were sold in Freeport; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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