$2,054 Closing Credit*
$173,000
1,412 SqFt
3 Beds
•1 Full Bath, 1 Partial
Megan Stopulos, Listing Office: Ruhl&Ruhl REALTORS Davenport
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 September 2023
At the same time last year, Central Rock Island was a Seller's Market.
Key Takeaway
Central Rock Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Central Rock Island, IL
How much do homes in Central Rock Island, IL cost?
Median Sold Price
$139,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$9,000(+6.9%)
Key Takeaway
Homes in Central Rock Island have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Central Rock Island was $139,000 in September 2024, up 6.9% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $67.4K | +34.9% |
| 2 Bedrooms | $103.4K | $122.4K | +18.4% |
| 3 Bedrooms | $143K | $158.6K | +10.9% |
| 4 Bedrooms | $149K | $186K | +24.8% |
| 5+ Bedrooms | $170.5K | - | N/A |
Summary: Central Rock Island housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 24.8%, 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Central Rock Island real estate market had 24 homes for sale in September 2024, a 7.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Central Rock Island housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Central Rock Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Central Rock Island in September 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 6 Days | 7 Days | +25.0% |
Summary: Homes in Central Rock Island had an average of 7 days on market in Sep 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 September 2024, 4 homes were sold in Central Rock Island; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.