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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roanoke is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Roanoke has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Roanoke, IL

How much do homes in Roanoke, IL cost?

Median Sold Price

$109,000

$83/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$6,000(+5.8%)

Key Takeaway

Homes in Roanoke have sold for 5.8% more than they did a month ago.

Summary: The median home sold price in Roanoke was $109,000 in April 2024, up 5.8% from last month, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $17.5K$99K
+465.7%
3 $188.5K-
N/A
4 -$109K
N/A
5+ --
N/A

Summary: Roanoke housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 465.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Roanoke
+5.8%
Roanoke Township
+5.8%

Housing Supply in Roanoke, IL

How many homes are available in Roanoke, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The Roanoke real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 12
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Roanoke housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roanoke, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Roanoke in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Roanoke, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
50 Days31 Days-38.6%

Summary: Homes in Roanoke had an average of 31 days on market in Apr 2024, down by 38.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Roanoke has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Roanoke; 33% of homes were sold within 30 days, 67% 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 28 Days Ago

Newest Listings in Roanoke, IL

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