The median home in Boone County listed for $326,490 in August, down 4.7% from the previous month’s $338,447, an analysis of data from Realtor.com shows.
Compared to August 2023, the median home list price increased 0.6% from $324,450.
The statistics in this article only pertain to houses listed for sale in Boone County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.rrstar.com.
Boone County’s median home was 2,076 square feet, listed at $146 per square foot. The price per square foot of homes for sale is up 2.9% from August 2023.
Listings in Boone County moved briskly, at a median 22 days listed compared to the August national median of 53 days on the market. In the previous month, homes had a median of 31 days on the market. Around 60 homes were newly listed on the market in August, a 15.4% increase from 52 new listings in August 2023.
The median home prices issued by Realtor.com may exclude many, or even most, of a market’s homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Across the Rockford metro area, median home prices fell to $215,000, slightly lower than a month earlier. The median home had 1,802 square feet, at a list price of $121 per square foot.
In Illinois, median home prices were $325,900, a slight decrease from July. The median Illinois home listed for sale had 1,756 square feet, with a price of $186 per square foot.
Throughout the United States, the median home price was $429,990, a slight decrease from the month prior. The median American home for sale was listed at 1,853 square feet, with a price of $228 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what’s happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Rockford Register Star: Boone County home listings asked for less money in August – see the current median price here
Amanda Smith is a dedicated U.S. correspondent with a passion for uncovering the stories that shape the nation. With a background in political science, she provides in-depth analysis and insightful commentary on domestic affairs, ensuring readers are well-informed about the latest developments across the United States.
