$713 Closing Credit*
$60,000
1,572 SqFt
4 Beds
•1 Full Bath, 1 Partial
Jaclyn Mayse, Listing Office: EXP REALTY, LLC.
Is Rock Island, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Rock Island has remained a Seller's Market.
Key Takeaway
Rock Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rock Island, IL
How much do homes in Rock Island, IL cost?
Median Sold Price
$135,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+9.8%)
Key Takeaway
Homes in Rock Island have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Rock Island was $135,000 in October 2024, up 9.8% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.5K | $57.5K | -3.4% |
| 2 Bedrooms | $95K | $114.9K | +21.0% |
| 3 Bedrooms | $135K | $146.4K | +8.5% |
| 4 Bedrooms | $150K | $185K | +23.3% |
| 5+ Bedrooms | $173K | $217K | +25.4% |
Summary: Rock Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
| Blackhawk Township | $141.5K | $163K | +15.2% |
| Milan | $142K | $161K | +13.4% |
| Rock Island Township | $120K | $134.7K | +12.3% |
| Rock Island | $123K | $135K | +9.8% |
| South Rock Island Township | $139K | $145K | +4.3% |
Housing Supply in Rock Island, IL
How many homes are available in Rock Island, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 145 | +8.2% |
Summary: The Rock Island real estate market had 145 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 35 | 48 | +37.1% |
| 3 Bedrooms | 61 | 59 | -3.3% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Rock Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 37.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 28 | -17.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rock Island, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Rock Island in October 2024, down by 17.6% month-over-month. Of the 28 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.
Days on Market for Rock Island, IL
How long does it take to sell a home in Rock Island, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +30.2% |
Summary: Homes in Rock Island had an average of 29 days on market in Oct 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rock Island are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Rock Island; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.