Is Rockford Township, 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, Rockford Township has remained a Seller's Market.
Housing Prices in Rockford Township, IL
How much do homes in Rockford Township, IL cost?
Median Sold Price
$153,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rockford Township was $153,500 in May 2024, up 16.1% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | $68K | +27.1% |
2 Bedrooms | $90K | $120K | +33.3% |
3 Bedrooms | $140.1K | $160K | +14.2% |
4 Bedrooms | $155K | $203K | +31.0% |
5+ Bedrooms | $165.5K | $169.5K | +2.4% |
Summary: Rockford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Rockford | $129.9K | $154.3K | +18.8% |
Rockford Township | $132.1K | $153.5K | +16.1% |
Cherry Valley Township | $200.2K | $215K | +7.4% |
Cherry Valley | $259.2K | $277.5K | +7.0% |
Housing Supply in Rockford Township, IL
How many homes are available in Rockford Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
345 | 355 | +2.9% |
Summary: The Rockford Township real estate market had 355 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 67 | 80 | +19.4% |
3 Bedrooms | 170 | 158 | -7.1% |
4 Bedrooms | 83 | 89 | +7.2% |
5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Rockford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 | 117 | -3.3% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Summary: A total of 117 homes were sold or pending in Rockford Township in May 2024, down by 3.3% month-over-month. Of the 117 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Rockford Township, IL
How long does it take to sell a home in Rockford Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 18 Days | -16.8% |
Summary: Homes in Rockford Township had an average of 18 days on market in May 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 117 homes were sold in Rockford Township; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.