Freeport, Illinois, a charming city of about 23,000 residents, sits in Stephenson County in the northwest corner of the state, roughly 30 miles from Rockford. Known as the "Pretzel City" due to its historical association with a popular pretzel bakery, Freeport blends small-town warmth with a rich industrial past. It’s home to the Lincoln-Douglas Debate Square, commemorating the 1858 senatorial debate between Abraham Lincoln and Stephen Douglas, a pivotal moment in American history. The city boasts a vibrant downtown with historic architecture, local shops, and the scenic Yellow Creek, which winds through parks like Krape Park, a favorite for outdoor enthusiasts. Freeport’s economy has roots in manufacturing and agriculture, and its community thrives on events like the annual Pretzel City USA Festival, celebrating its unique heritage.
Freeport currently has 63 single family homes for sale with an average list price of $175,326.98, 1 townhouse for sale with a list price of $78,000, 9 condos for sale with an average list price of $141,755.56, and 7 lots for sale with an average list price of $895,342.86. The average annual property tax for Freeport is $3,004.24.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Freeport, i.e. what's hot and what's not.
See What's Hot & What's Not in FreeportFreeport home sales for the month of July decreased in volume by 6.7% when compared to last year, while the median sale price rose by 75.4% from $99,900 to $175,200. House sales decreased by 7.1%, while the median sale price rose by 44% from $114,500 to $164,900. Condo sales stayed the same, while the median sale price stayed the same.
229
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192
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193
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210
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$96,000
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$114,000
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$110,000
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$125,000
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2021 | 2022 | 2023 | 2024 |
median sale price per year |