Is Ogle 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, Ogle County has remained a Seller's Market.
Housing Prices in Ogle County, IL
How much do homes in Ogle County, IL cost?
Median Sold Price
$184,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ogle County was $184,500 in April 2024, up 9% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $77K | +18.5% |
2 Bedrooms | $116K | $139.2K | +20.0% |
3 Bedrooms | $172.5K | $185K | +7.2% |
4 Bedrooms | $215K | $225K | +4.7% |
5+ Bedrooms | $259K | $326.1K | +25.9% |
Summary: Ogle County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 25.9%.
Median Sold Price Compared To Nearby Counties
Lee County | $140.9K | $159.8K | +13.4% |
Boone County | $213K | $240K | +12.7% |
Winnebago County | $157.2K | $172.2K | +9.5% |
Ogle County | $169.2K | $184.5K | +9.0% |
Stephenson County | $134.8K | $121K | -10.3% |
Housing Supply in Ogle County, IL
How many homes are available in Ogle County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 116 | 0.0% |
Summary: The Ogle County real estate market had 116 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 54 | 58 | +7.4% |
4 Bedrooms | 35 | 34 | -2.9% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Ogle 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 15.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 29 | -12.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Ogle County in April 2024, down by 12.1% month-over-month. Of the 29 sold homes, 66% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Ogle County, IL
How long does it take to sell a home in Ogle County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 42 Days | -33.2% |
Summary: Homes in Ogle County had an average of 42 days on market in Apr 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Ogle County; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.