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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Island Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Rock Island Township, IL

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

Median Sold Price

$138,375

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,100(+15.0%)

Key Takeaway

Homes in Rock Island Township have sold for 15% more than they did a year ago.

Summary: The median home sold price in Rock Island Township was $138,375 in November 2024, up 15% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $47K$62.5K
+33.0%
2 $95K$115K
+21.1%
3 $130K$153.5K
+18.1%
4 $149.9K$180K
+20.1%
5+ $173K$130K
-24.9%

Summary: Rock Island Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Cities

Rock Island Township
+15.0%
Rock Island
+13.1%
South Rock Island Township
+9.6%
Moline Township
+4.9%
Davenport
+4.9%

Housing Supply in Rock Island Township, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
140139-0.7%

Summary: The Rock Island Township real estate market had 139 homes for sale in November 2024, a 0.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 65
-16.7%
2 4645
-2.2%
3 5658
+3.6%
4 2223
+4.5%
5+ 108
-20.0%

Summary: The Rock Island Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3230-6.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Island Township, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Rock Island Township in November 2024, down by 6.3% month-over-month. Of the 30 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.

Days on Market for Rock Island Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days25 Days-37.8%

Summary: Homes in Rock Island Township had an average of 25 days on market in Nov 2024, down by 37.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 30 homes were sold in Rock Island Township; 73% of homes were sold within 30 days, 23% 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 21 Days Ago

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Newest Listings in Rock Island Township, IL

Nearby Markets to Rock Island Township, IL

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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, 11:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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