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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeport Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Freeport Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Freeport Township, IL

How much do homes in Freeport Township, IL cost?

Median Sold Price

$115,000

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+18.6%)

Key Takeaway

Homes in Freeport Township have sold for 18.6% more than they did a year ago.

Summary: The median home sold price in Freeport Township was $115,000 in October 2024, up 18.6% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $58K$82.5K
+42.2%
2 $75K$93K
+24.0%
3 $124K$130K
+4.8%
4 $105K$155K
+47.6%
5+ $68.5K$104K
+51.8%

Summary: Freeport Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes increased by 51.8%.

Median Sold Price Compared To Nearby Cities

Freeport
+18.8%
Freeport Township
+18.6%

Housing Supply in Freeport Township, IL

How many homes are available in Freeport Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106110+3.8%

Summary: The Freeport Township real estate market had 110 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 2322
-4.3%
3 5256
+7.7%
4 2324
+4.3%
5+ 87
-12.5%

Summary: The Freeport Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2622-15.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 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 Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Freeport Township in October 2024, down by 15.4% month-over-month. Of the 22 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.

Days on Market for Freeport Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days37 Days+13.2%

Summary: Homes in Freeport Township had an average of 37 days on market in Oct 2024, up by 13.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 22 homes were sold in Freeport Township; 55% of homes were sold within 30 days, 41% 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 16 Days Ago

Newest Listings in Freeport Township, IL

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