Is Freeport, IL 61032 a buyer’s or seller’s market?

The Freeport housing market right now

In the three months ending August 31, 2026, 15% of homes in Freeport, IL 61032 sold above their list price, the typical home went under contract in 29 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 104 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (240 days then) and the median sale price rose 90% to $145,937. Overall, Freeport is more competitive than a year ago, so tougher for buyers.

Within Stephenson County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Freeport ranks #409 of 464 IL ZIP codes with enough sales (score 42 out of 100).

Nearby, buyers who want less competition could look at Pearl City 61062 (0% sold over asking) or German Valley 61039 (0% sold over asking), while Orangeville 61060 (50% sold over asking) and Rock City 61070 (50% sold over asking) are even more competitive.