Is Rockvale Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rockvale Township was a Buyer's Market.
Housing Prices in Rockvale Township, IL
How much do homes in Rockvale Township, IL cost?
Median Sold Price
$305,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rockvale Township was $305,000 in May 2024, up 17.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $260K | +116.7% |
3 Bedrooms | $260K | $284.5K | +9.4% |
4 Bedrooms | - | $310K | N/A |
5+ Bedrooms | $410K | $437.5K | +6.7% |
Summary: Rockvale Township 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 116.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Rockvale Township | $260K | $305K | +17.3% |
Oregon-Nashua Township | $150K | $166.2K | +10.8% |
Byron Township | $243K | $256K | +5.3% |
Marion Township | $175K | $184K | +5.1% |
Housing Supply in Rockvale Township, IL
How many homes are available in Rockvale Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Summary: The Rockvale Township real estate market had 2 homes for sale in May 2024, a 100.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rockvale Township 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Rockvale Township in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Rockvale Township, IL
How long does it take to sell a home in Rockvale Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 5 Days | -89.4% |
Summary: Homes in Rockvale Township had an average of 5 days on market in May 2024, down by 89.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Rockvale Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.