Is Rock Island County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Island County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Rock Island County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rock Island County, IL

How much do homes in Rock Island County, IL cost?

Median Sold Price

$152,541

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,917(+7.7%)

Key Takeaway

Homes in Rock Island County have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Rock Island County was $152,541 in October 2024, up 7.7% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $65.5K$60K
-8.4%
2 $105.6K$116.7K
+10.5%
3 $154.6K$159.9K
+3.4%
4 $190K$220K
+15.8%
5+ $215.2K$281K
+30.5%

Summary: Rock Island County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 30.5%.

Median Sold Price Compared To Nearby Counties

Rock Island County
+7.7%
Scott County
+5.4%
Clinton County
0.0%
Mercer County
-1.6%
Henry County
-6.8%

Housing Supply in Rock Island County, IL

How many homes are available in Rock Island County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
511547+7.0%

Summary: The Rock Island County real estate market had 547 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1513
-13.3%
2 129143
+10.9%
3 229247
+7.9%
4 110116
+5.5%
5+ 2828
0.0%

Summary: The Rock Island County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
132130-1.5%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Island County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 130 homes were sold or pending in Rock Island County in October 2024, down by 1.5% month-over-month. Of the 130 sold homes, 54% were sold under asking, 22% were sold at asking, and 24% were sold over asking.

Days on Market for Rock Island County, IL

How long does it take to sell a home in Rock Island County, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days25 Days+48.2%

Summary: Homes in Rock Island County had an average of 25 days on market in Oct 2024, up by 48.2% compared to last year.

Breakdown of Home Sale Times

97 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 130 homes were sold in Rock Island County; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% 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 20 Days Ago

Newest Listings in Rock Island County, IL

Nearby Markets to Rock Island County, IL

What housing markets are near Rock Island County, IL?