Is Roscoe, 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, Roscoe has remained a Seller's Market.
Housing Prices in Roscoe, IL
How much do homes in Roscoe, IL cost?
Median Sold Price
$279,900
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Roscoe was $279,900 in May 2024, up 12% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $478K | - | N/A |
2 Bedrooms | $130K | $171.5K | +31.9% |
3 Bedrooms | $245K | $260K | +6.1% |
4 Bedrooms | $295K | $310K | +5.1% |
5+ Bedrooms | $390K | $407.5K | +4.5% |
Summary: Roscoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
South Beloit | $185K | $207.5K | +12.2% |
Roscoe | $249.9K | $279.9K | +12.0% |
Rockton | $245.7K | $273.7K | +11.4% |
Roscoe Township | $265K | $267K | +0.8% |
Machesney Park | $166.7K | $166.9K | 0.1% |
Housing Supply in Roscoe, IL
How many homes are available in Roscoe, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 40 | +5.3% |
Summary: The Roscoe real estate market had 40 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Roscoe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Roscoe in May 2024, up by 38.5% month-over-month. Of the 18 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% were sold over asking.
Days on Market for Roscoe, IL
How long does it take to sell a home in Roscoe, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 23 Days | -16.9% |
Summary: Homes in Roscoe had an average of 23 days on market in May 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Roscoe; 78% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.