Is Boone 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, Boone County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237K | $85K | -64.1% |
2 Bedrooms | $132K | $155K | +17.4% |
3 Bedrooms | $210.6K | $235K | +11.6% |
4 Bedrooms | $267.5K | $275K | +2.8% |
5+ Bedrooms | $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 | $230K | $259.9K | +13.0% |
Boone County | $213K | $240K | +12.7% |
Rock County | $229.5K | $249.9K | +8.9% |
Walworth County | $330.3K | $358K | +8.4% |
McHenry County | $299.8K | $323.3K | +7.8% |
Housing Supply in Boone County, IL
How many homes are available in Boone County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 102 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 51 | 54 | +5.9% |
4 Bedrooms | 31 | 33 | +6.5% |
5+ Bedrooms | 8 | 6 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 25 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 54 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
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.