Is Winnebago County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnebago County is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Winnebago County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Winnebago County, IL

How much do homes in Winnebago County, IL cost?

Median Sold Price

$184,833

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$19,583(+11.9%)

Key Takeaway

Homes in Winnebago County have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Winnebago County was $184,833 in December 2024, up 11.9% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $73.7K$75K
+1.7%
2 $120K$140K
+16.7%
3 $168.7K$190K
+12.6%
4 $221.5K$250.3K
+13.0%
5+ $258.5K$191.5K
-25.9%

Summary: Winnebago County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 25.9%.

Median Sold Price Compared To Nearby Counties

Stephenson County
+16.7%
Boone County
+15.7%
Winnebago County
+11.9%
Ogle County
+8.3%

Housing Supply in Winnebago County, IL

How many homes are available in Winnebago County, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
608483-20.6%

Summary: The Winnebago County real estate market had 483 homes for sale in December 2024, a 20.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 87
-12.5%
2 11698
-15.5%
3 315239
-24.1%
4 126109
-13.5%
5+ 4330
-30.2%

Summary: The Winnebago County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 30.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
202173-14.4%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

61 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnebago County, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 173 homes were sold or pending in Winnebago County in December 2024, down by 14.4% month-over-month. Of the 173 sold homes, 49% were sold under asking, 16% were sold at asking, and 35% 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

Dec 2023Dec 2024CHANGE
24 Days26 Days+4.3%

Summary: Homes in Winnebago County had an average of 26 days on market in Dec 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

125 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 173 homes were sold in Winnebago County; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% 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

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