Is Rock Island Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rock Island Township has remained a Seller's Market.
Housing Prices in Rock Island Township, IL
How much do homes in Rock Island Township, IL cost?
Median Sold Price
$130,125
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rock Island Township was $130,125 in May 2024, up 37.5% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.2K | $46.1K | -57.8% |
2 Bedrooms | $76K | $107K | +40.8% |
3 Bedrooms | $100.7K | $140K | +39.0% |
4 Bedrooms | $128.5K | $161K | +25.3% |
5+ Bedrooms | $162.7K | $217K | +33.3% |
Summary: Rock Island Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.8%, 2 bedroom homes increased by 40.8%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
Rock Island Township | $94.6K | $130.1K | +37.5% |
Moline Township | $133K | $150K | +12.8% |
Davenport | $170.6K | $185.2K | +8.6% |
Rock Island | $122.5K | $130K | +6.1% |
South Rock Island Township | $139.9K | $140K | 0.0% |
Housing Supply in Rock Island Township, IL
How many homes are available in Rock Island Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 130 | +10.2% |
Summary: The Rock Island Township real estate market had 130 homes for sale in May 2024, a 10.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 39 | 40 | +2.6% |
3 Bedrooms | 50 | 50 | 0.0% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Rock Island Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 2.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 49 | +63.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Rock Island Township in May 2024, up by 63.3% month-over-month. Of the 49 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for Rock Island Township, IL
How long does it take to sell a home in Rock Island Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 18 Days | +8.3% |
Summary: Homes in Rock Island Township had an average of 18 days on market in May 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Rock Island Township; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.