Freeport-area home prices drop in September as market remains busy

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read
An open house was held Aug. 25 for a new three-bedroom house built through the Green Bay School District's Bridges Construction and Renovation program in partnership with NeighborWorks Green Bay in Wisconsin. Realtor.com's data show that September's median listed home price was $427,250, down about 1.3% from a month earlier.
An open house was held Aug. 25 for a new three-bedroom house built through the Green Bay School District's Bridges Construction and Renovation program in partnership with NeighborWorks Green Bay in Wisconsin. Realtor.com's data show that September's median listed home price was $427,250, down about 1.3% from a month earlier.

A typical Stephenson County home listed for $129,950 in September, down 14.2% from the previous month's $151,475, an analysis of data from Realtor.com shows.

The median list home price in September was down about 5.9% from September 2021. Stephenson County's median home was 1,815 square feet for a listed price of $77 per square foot.

The Stephenson County market was busy, with a median 48 days on market. A month earlier, homes had a median 41 days on market. The market added 68 new home listings in September, compared with the 62 added in September 2021. The market ended the month with some 83 listings of homes for sale.

The median home prices issued by Realtor.com may exclude much, or even most, of a market's homes. The price and volume represent only homes that are single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

Across all of Illinois, median home prices were $299,000, falling 0.3% from a month earlier. The median Illinois home for sale had 1,686 square feet at list price of $172 per square foot.

Across the United States, median home prices were $427,250, down 1.3% from a month earlier. The median American home for sale had 1,875 square feet, listed at $220 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one 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 the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on Journal Standard: Freeport-area homes for sale drop to $129,950 median price