Is Winnebago 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, Winnebago County has remained a Seller's Market.
Housing Prices in Winnebago County, IL
How much do homes in Winnebago County, IL cost?
Median Sold Price
$172,215
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Winnebago County was $172,215 in April 2024, up 9.5% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $81K | +35.0% |
2 Bedrooms | $102K | $130K | +27.5% |
3 Bedrooms | $164.6K | $174.9K | +6.3% |
4 Bedrooms | $215K | $227K | +5.6% |
5+ Bedrooms | $257K | $239.5K | -6.8% |
Summary: Winnebago County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Counties
Boone County | $213K | $240K | +12.7% |
Winnebago County | $157.2K | $172.2K | +9.5% |
Ogle County | $169.2K | $184.5K | +9.0% |
Rock County | $229.5K | $249.9K | +8.9% |
Stephenson County | $134.8K | $121K | -10.3% |
Housing Supply in Winnebago County, IL
How many homes are available in Winnebago County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
439 | 476 | +8.4% |
Summary: The Winnebago County real estate market had 476 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 83 | 86 | +3.6% |
3 Bedrooms | 227 | 240 | +5.7% |
4 Bedrooms | 100 | 116 | +16.0% |
5+ Bedrooms | 22 | 28 | +27.3% |
Summary: The Winnebago County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 167 | +21.0% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Summary: A total of 167 homes were sold or pending in Winnebago County in April 2024, up by 21.0% month-over-month. Of the 167 sold homes, 30% were sold under asking, 17% were sold at asking, and 53% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -25.7% |
Summary: Homes in Winnebago County had an average of 25 days on market in Apr 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
134 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 167 homes were sold in Winnebago County; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.