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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roscoe is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Roscoe has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Roscoe, IL

How much do homes in Roscoe, IL cost?

Median Sold Price

$295,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+8.5%)

Key Takeaway

Homes in Roscoe have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Roscoe was $295,000 in October 2024, up 8.5% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $138K$172.2K
+24.8%
3 $249.9K$295K
+18.0%
4 $317.5K$310K
-2.4%
5+ $475K$350K
-26.3%

Summary: Roscoe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 26.3%.

Median Sold Price Compared To Nearby Cities

Machesney Park
+18.7%
South Beloit
+16.4%
Rockton
+9.8%
Roscoe
+8.5%
Roscoe Township
+8.2%

Housing Supply in Roscoe, IL

How many homes are available in Roscoe, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4236-14.3%

Summary: The Roscoe real estate market had 36 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1612
-25.0%
4 1918
-5.3%
5+ 33
0.0%

Summary: The Roscoe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roscoe, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Roscoe in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for Roscoe, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days24 Days+70.9%

Summary: Homes in Roscoe had an average of 24 days on market in Oct 2024, up by 70.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Roscoe; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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 Roscoe, IL

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