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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockton is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rockton was a Buyer's Market.

Key Takeaway

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

Housing Prices in Rockton, IL

How much do homes in Rockton, IL cost?

Median Sold Price

$280,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+10.9%)

Key Takeaway

Homes in Rockton have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Rockton was $280,000 in November 2024, up 10.9% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $67.5K$87K
+28.9%
2 $173.7K$220K
+26.6%
3 $250K$289K
+15.6%
4 $295K$310K
+5.1%
5+ $366.2K$400K
+9.2%

Summary: Rockton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

Roscoe
+11.0%
Rockton
+10.9%
Rockton Township
+10.6%
Roscoe Township
+10.2%
South Beloit
+4.0%

Housing Supply in Rockton, IL

How many homes are available in Rockton, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2421-12.5%

Summary: The Rockton real estate market had 21 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 129
-25.0%
4 1010
0.0%
5+ 00
0.0%

Summary: The Rockton 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockton, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Rockton in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.

Days on Market for Rockton, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
3 Days7 Days+133.3%

Summary: Homes in Rockton had an average of 7 days on market in Nov 2024, up by 133.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Rockton; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in Rockton, IL

Nearby Markets to Rockton, IL

What housing markets are near Rockton, IL?