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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moline Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Moline Township, IL

How much do homes in Moline Township, IL cost?

Median Sold Price

$154,950

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,200(+4.9%)

Key Takeaway

Homes in Moline Township have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Moline Township was $154,950 in November 2024, up 4.9% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K$65.2K
0.3%
2 $120K$123.5K
+2.9%
3 $161.5K$154.9K
-4.1%
4 $191K$220K
+15.2%
5+ $261.6K$295K
+12.8%

Summary: Moline Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 12.8%.

Median Sold Price Compared To Nearby Cities

Rock Island Township
+15.0%
South Moline Township
+11.8%
South Rock Island Township
+9.6%
Moline Township
+4.9%
Moline
+4.7%

Housing Supply in Moline Township, IL

How many homes are available in Moline Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
171156-8.8%

Summary: The Moline Township real estate market had 156 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 4339
-9.3%
3 8579
-7.1%
4 3530
-14.3%
5+ 76
-14.3%

Summary: The Moline Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5442-22.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moline Township, you could pay more than the asking price. 35.7% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in Moline Township in November 2024, down by 22.2% month-over-month. Of the 42 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.

Days on Market for Moline Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days23 Days+31.5%

Summary: Homes in Moline Township had an average of 23 days on market in Nov 2024, up by 31.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 42 homes were sold in Moline Township; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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 21 Days Ago

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Newest Listings in Moline Township, IL

Nearby Markets to Moline Township, IL

What housing markets are near Moline Township, IL?

MLS Disclaimers and Copyright

Based on information from RMLS Alliance for the period 12/01/2022 - 12/01/2024

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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