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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rochelle is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rochelle was a Seller's Market.

Key Takeaway

Rochelle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rochelle, IL

How much do homes in Rochelle, IL cost?

Median Sold Price

$188,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,700(+11.7%)

Key Takeaway

Homes in Rochelle have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Rochelle was $188,000 in November 2024, up 11.7% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $145.8K$160.5K
+10.1%
3 $160K$195K
+21.9%
4 $200K$259.9K
+30.0%
5+ $179K$178.5K
-0.3%

Summary: Rochelle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Cities

Rochelle
+11.7%
Flagg Township
+8.6%

Housing Supply in Rochelle, IL

How many homes are available in Rochelle, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2730+11.1%

Summary: The Rochelle real estate market had 30 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 1217
+41.7%
4 54
-20.0%
5+ 23
+50.0%

Summary: The Rochelle 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 28.6%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rochelle, 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 Rochelle in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Rochelle, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days27 Days+17.8%

Summary: Homes in Rochelle had an average of 27 days on market in Nov 2024, up by 17.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Rochelle; 75% of homes were sold within 30 days, 25% 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 21 Days Ago

Newest Listings in Rochelle, IL

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