Is Rockton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockton is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rockton has remained a Seller's Market.

Key Takeaway

Rockton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rockton, IL

How much do homes in Rockton, IL cost?

Median Sold Price

$273,750

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,000(+11.4%)

Key Takeaway

Homes in Rockton have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Rockton was $273,750 in May 2024, up 11.4% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$67.5K
N/A
2 $167.5K$180K
+7.5%
3 $242.4K$266.2K
+9.8%
4 $294.9K$310K
+5.1%
5+ $375K$395K
+5.3%

Summary: Rockton 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 7.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Cities

Rockton Township
+12.5%
South Beloit
+12.2%
Roscoe
+12.0%
Rockton
+11.4%
Roscoe Township
+0.8%

Housing Supply in Rockton, IL

How many homes are available in Rockton, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
19190.0%

Summary: The Rockton real estate market had 19 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 13
+200.0%
3 1210
-16.7%
4 55
0.0%
5+ 01
+100.0%

Summary: The Rockton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Rockton in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Rockton, IL

How long does it take to sell a home in Rockton, IL?

Average Sale Time

May 2023May 2024CHANGE
3 Days12 Days+240.5%

Summary: Homes in Rockton had an average of 12 days on market in May 2024, up by 240.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockton are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Rockton; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Rockton, IL

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