Is Rockford Township, 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, Rockford Township has remained a Seller's Market.
Housing Prices in Rockford Township, IL
How much do homes in Rockford Township, IL cost?
Median Sold Price
$151,666
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockford Township was $151,666 in April 2024, up 16.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | $68K | +27.1% |
2 Bedrooms | $90K | $120.7K | +34.2% |
3 Bedrooms | $139.7K | $158.8K | +13.7% |
4 Bedrooms | $153.5K | $200.1K | +30.4% |
5+ Bedrooms | $179.9K | $175.9K | -2.2% |
Summary: Rockford Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 34.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Rockford | $127K | $153.1K | +20.6% |
Rockford Township | $130K | $151.6K | +16.7% |
Cherry Valley | $254.2K | $277K | +8.9% |
Cherry Valley Township | $200K | $210K | +5.0% |
Housing Supply in Rockford Township, IL
How many homes are available in Rockford Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
318 | 333 | +4.7% |
Summary: The Rockford Township real estate market had 333 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 62 | 61 | -1.6% |
3 Bedrooms | 162 | 165 | +1.9% |
4 Bedrooms | 73 | 82 | +12.3% |
5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Rockford Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 108 | +4.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Rockford Township in April 2024, up by 4.9% month-over-month. Of the 108 sold homes, 31% were sold under asking, 17% were sold at asking, and 52% were sold over asking.
Days on Market for Rockford Township, IL
How long does it take to sell a home in Rockford Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 31 Days | -5.4% |
Summary: Homes in Rockford Township had an average of 31 days on market in Apr 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 108 homes were sold in Rockford Township; 74% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.