$891 Closing Credit*
$75,000
930 SqFt
2 Beds
•1 Full Bath
Brenda Holman, Listing Office: Ruhl&Ruhl REALTORS Moline
Is Central Rock Island, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Central Rock Island has remained a Seller's Market.
Key Takeaway
Central Rock Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Rock Island, IL
How much do homes in Central Rock Island, IL cost?
Median Sold Price
$147,500
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,500(+13.5%)
Key Takeaway
Homes in Central Rock Island have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Central Rock Island was $147,500 in November 2024, up 13.5% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.5K | $67.4K | +13.4% |
| 2 Bedrooms | $109.9K | $122.4K | +11.4% |
| 3 Bedrooms | $140K | $159.8K | +14.1% |
| 4 Bedrooms | $150K | $207.5K | +38.3% |
| 5+ Bedrooms | $170.5K | - | N/A |
Summary: Central Rock Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes did not change.
Housing Supply in Central Rock Island, IL
How many homes are available in Central Rock Island, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Central Rock Island real estate market had 24 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central Rock Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Rock Island, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Central Rock Island in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Central Rock Island, IL
How long does it take to sell a home in Central Rock Island, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 49 Days | +47.4% |
Summary: Homes in Central Rock Island had an average of 49 days on market in Nov 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central Rock Island are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Central Rock Island; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.