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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Boone County, IL

How much do homes in Boone County, IL cost?

Median Sold Price

$240,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,953(+12.7%)

Key Takeaway

Homes in Boone County have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Boone County was $240,000 in April 2024, up 12.7% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $237K$85K
-64.1%
2 $132K$155K
+17.4%
3 $210.6K$235K
+11.6%
4 $267.5K$275K
+2.8%
5+ $225K$305K
+35.6%

Summary: Boone County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.1%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 35.6%.

Median Sold Price Compared To Nearby Counties

DeKalb County
+13.0%
Boone County
+12.7%
Rock County
+8.9%
Walworth County
+8.4%
McHenry County
+7.8%

Housing Supply in Boone County, IL

How many homes are available in Boone County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
95102+7.4%

Summary: The Boone County real estate market had 102 homes for sale in April 2024, a 7.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 5154
+5.9%
4 3133
+6.5%
5+ 86
-25.0%

Summary: The Boone County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3525-28.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone County, you could pay more than the asking price. 52% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Boone County in April 2024, down by 28.6% month-over-month. Of the 25 sold homes, 20% were sold under asking, 28% were sold at asking, and 52% were sold over asking.

Days on Market for Boone County, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days54 Days+156.4%

Summary: Homes in Boone County had an average of 54 days on market in Apr 2024, up by 156.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 25 homes were sold in Boone County; 76% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 16% 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 11 Days Ago

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