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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rossville is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rossville was a Neutral Market.

Key Takeaway

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

Housing Prices in Rossville, IL

How much do homes in Rossville, IL cost?

Median Sold Price

$90,000

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,500(-12.2%)

Key Takeaway

Homes in Rossville have sold for 12.2% less than they did a year ago.

Summary: The median home sold price in Rossville was $90,000 in November 2024, down 12.2% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $69.9K$80.2K
+14.8%
3 $207K$105K
-49.3%
4 $180K$108K
-40.0%
5+ $100K-
N/A

Summary: Rossville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 49.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Grant Township
+7.1%
Ross Township
-10.0%
Rossville
-12.2%

Housing Supply in Rossville, IL

How many homes are available in Rossville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
89+12.5%

Summary: The Rossville real estate market had 9 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 45
+25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Rossville 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Rossville in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Rossville, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
144 Days21 Days-84.9%

Summary: Homes in Rossville had an average of 21 days on market in Nov 2024, down by 84.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Rossville; 75% of homes were sold within 30 days, 25% 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 21 Days Ago

Newest Listings in Rossville, IL

Nearby Markets to Rossville, IL