Is Rock Island County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Island County is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Rock Island County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rock Island County, IL

How much do homes in Rock Island County, IL cost?

Median Sold Price

$153,250

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,138(+9.4%)

Key Takeaway

Homes in Rock Island County have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Rock Island County was $153,250 in September 2024, up 9.4% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $62K$60.5K
-2.4%
2 $105K$115.2K
+9.7%
3 $151.3K$160.5K
+6.1%
4 $197.8K$205K
+3.6%
5+ $210K$273.5K
+30.2%

Summary: Rock Island County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 30.2%.

Median Sold Price Compared To Nearby Counties

Rock Island County
+9.4%
Scott County
+5.9%
Mercer County
+5.7%
Clinton County
-4.2%
Henry County
-9.0%

Housing Supply in Rock Island County, IL

How many homes are available in Rock Island County, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
504526+4.4%

Summary: The Rock Island County real estate market had 526 homes for sale in September 2024, a 4.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1215
+25.0%
2 129128
-0.8%
3 221242
+9.5%
4 111109
-1.8%
5+ 3132
+3.2%

Summary: The Rock Island County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 3.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
131125-4.6%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Island County, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 125 homes were sold or pending in Rock Island County in September 2024, down by 4.6% month-over-month. Of the 125 sold homes, 43% were sold under asking, 16% were sold at asking, and 41% were sold over asking.

Days on Market for Rock Island County, IL

How long does it take to sell a home in Rock Island County, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
23 Days23 Days-2.0%

Summary: Homes in Rock Island County had an average of 23 days on market in Sep 2024, down by 2% compared to last year.

Breakdown of Home Sale Times

102 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 125 homes were sold in Rock Island County; 82% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 8% 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 30 Days Ago

Newest Listings in Rock Island County, IL

Nearby Markets to Rock Island County, IL

What housing markets are near Rock Island County, IL?