Is Lee County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lee County has remained a Seller's Market.
Housing Prices in Lee County, IL
How much do homes in Lee County, IL cost?
Median Sold Price
$159,833
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee County was $159,833 in April 2024, up 13.4% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $117K | +46.3% |
2 Bedrooms | $95K | $118.5K | +24.7% |
3 Bedrooms | $150K | $175K | +16.7% |
4 Bedrooms | $160K | $170K | +6.3% |
5+ Bedrooms | $270K | $180K | -33.3% |
Summary: Lee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.3%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Counties
Lee County | $140.9K | $159.8K | +13.4% |
DeKalb County | $230K | $259.9K | +13.0% |
Ogle County | $169.2K | $184.5K | +9.0% |
Whiteside County | $114.9K | $124.5K | +8.3% |
Bureau County | $123.5K | $125.3K | +1.5% |
Housing Supply in Lee County, IL
How many homes are available in Lee County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 107 | +9.2% |
Summary: The Lee County real estate market had 107 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 45 | 54 | +20.0% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Lee 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 decreased by 15%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Lee County in April 2024, up by 4.0% month-over-month. Of the 26 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Lee County, IL
How long does it take to sell a home in Lee County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 33 Days | +67.6% |
Summary: Homes in Lee County had an average of 33 days on market in Apr 2024, up by 67.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Lee County; 73% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.