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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moline is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Moline has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Moline, IL

How much do homes in Moline, IL cost?

Median Sold Price

$155,250

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,596(+6.6%)

Key Takeaway

Homes in Moline have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Moline was $155,250 in October 2024, up 6.6% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $63.2K$65.2K
+3.1%
2 $119K$121K
+1.7%
3 $156.7K$157.7K
+0.6%
4 $188.5K$217K
+15.1%
5+ $235.1K$295K
+25.5%

Summary: Moline housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Cities

Coal Valley Township
+36.8%
Coal Valley
+32.2%
South Moline Township
+10.3%
Moline Township
+7.4%
Moline
+6.6%

Housing Supply in Moline, IL

How many homes are available in Moline, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
171182+6.4%

Summary: The Moline real estate market had 182 homes for sale in October 2024, a 6.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 4348
+11.6%
3 8491
+8.3%
4 3336
+9.1%
5+ 96
-33.3%

Summary: The Moline housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4554+20.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moline, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Moline in October 2024, up by 20.0% month-over-month. Of the 54 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for Moline, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days17 Days+22.9%

Summary: Homes in Moline had an average of 17 days on market in Oct 2024, up by 22.9% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 54 homes were sold in Moline; 81% of homes were sold within 30 days, 19% 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 16 Days Ago

Newest Listings in Moline, IL

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