Homes in Winnebago County Fetch Higher Prices: See the Numbers Here

Recent Trends in Home Sales in Winnebago County

New data from Realtor.com highlights a notable increase in home sale prices in Winnebago County during June. The median home sale price reached $192,500, reflecting a 5.2% rise from May’s median of $183,000. This upward trend continued when compared to June 2024, where the median was $177,250, showing an 8.6% increase.

The data is sourced from real estate deeds, which means there is typically a few months’ delay before the information becomes available. It's important to note that these statistics do not include homes currently listed for sale and are not directly comparable to listing data. For more detailed insights into the local housing market, additional community data can be found at data.rrstar.com.

Single-Family Homes See Significant Gains

Looking specifically at single-family homes, the median selling price in Winnebago County was $193,000 in June, up 7.2% from $180,000 in May. Compared to June 2024, the median price for single-family homes increased by 11%, rising from $173,833 to $193,000. Notably, one single-family home sold for $1 million or more during the month, a significant change from the zero recorded transactions of at least $1 million in June 2024.

Condominiums and Townhomes Experience a Slight Drop

In contrast, the median sales price for condominiums and townhomes decreased by 5% in June, falling to $190,000 from $200,000 in May. However, compared to June 2024, the median price for these types of homes saw a slight increase from $189,500. No condominiums or townhomes sold for $1 million or more during the month.

Overview of Recorded Home Sales in Winnebago County

In June, the number of recorded home sales in Winnebago County rose by 6.7% compared to June 2024, increasing from 356 to 380 sales. Total residential home sales amounted to $84.7 million during the month.

Statewide Trends in Illinois

Across Illinois, the median home sale price in June was $310,677, an increase of 2.5% from May’s $303,092. There were 14,028 recorded home sales across the state in June, representing a 1.4% increase from the 13,840 sales recorded in June 2024.

Breakdown of Statewide Sales Data

The total value of recorded residential home sales in Illinois dropped by 20.9% from $7.4 billion in May to $5.9 billion in June. Of all residential home sales in the state, 5.19% of homes sold for at least $1 million in June, up from 4.57% in June 2024.

Single-family home sales prices across Illinois increased by 4.4% from a median of $297,181 in May to $310,398 in June. Since June 2024, the median price for single-family homes has risen by 5.2%, reaching $295,000.

Condominiums and townhomes experienced a 2.7% drop in median sales price from $319,533 in May to $310,875 in June. However, compared to June 2024, the median price for these properties increased by 1.9%, rising from $305,000 to $310,875.

Understanding Median vs. Average Sales Price

The median home sales price used in this report represents the midpoint of all houses or units listed over a given period. Unlike the average sales price, which is calculated by summing all sales prices and dividing by the number of homes sold, the median provides a more accurate representation of market trends. This is because the average can be skewed by exceptionally high or low sales.

Local news outlets across the country, including the USA TODAY Network, are publishing localized versions of this story using data from Realtor.com. Readers are encouraged to provide feedback or corrections through the designated channels. This article was written by Ozge Terzioglu, with contributions from the News Automation and AI team. Readers can take a survey to share their thoughts on the content.