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 November 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

$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 Township have sold for 17% more than they did a year ago.

Summary: The median home sold price in Freeport Township 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 Township 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 Township
+17.0%
Freeport
+17.0%

Housing Supply in Freeport Township, IL

How many homes are available in Freeport Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107103-3.7%

Summary: The Freeport Township 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 Township 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 Township, 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 Township 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 Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days21 Days+3.1%

Summary: Homes in Freeport Township 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Freeport Township; 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 17 Days Ago

Newest Listings in Freeport Township, IL

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