$1,841 Closing Credit*
$155,000
1,592 SqFt
3 Beds
•2 Full Baths
Kathy Meyer, Listing Office: Ruhl&Ruhl REALTORS Moline
Is South Rock Island Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Rock Island Township has remained a Seller's Market.
Key Takeaway
South Rock Island Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Rock Island Township, IL
How much do homes in South Rock Island Township, IL cost?
Median Sold Price
$145,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,950(+4.3%)
Key Takeaway
Homes in South Rock Island Township have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in South Rock Island Township was $145,000 in October 2024, up 4.3% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.7K | $54.9K | +8.3% |
| 2 Bedrooms | $109.9K | $124.9K | +13.6% |
| 3 Bedrooms | $153K | $158.5K | +3.6% |
| 4 Bedrooms | $180K | $195K | +8.3% |
| 5+ Bedrooms | $190K | $330K | +73.7% |
Summary: South Rock Island Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 73.7%.
Median Sold Price Compared To Nearby Cities
| Blackhawk Township | $141.5K | $163K | +15.2% |
| Milan | $142K | $161K | +13.4% |
| Rock Island Township | $120K | $134.7K | +12.3% |
| Rock Island | $123K | $135K | +9.8% |
| South Rock Island Township | $139K | $145K | +4.3% |
Housing Supply in South Rock Island Township, IL
How many homes are available in South Rock Island Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 82 | +12.3% |
Summary: The South Rock Island Township real estate market had 82 homes for sale in October 2024, a 12.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 24 | 33 | +37.5% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The South Rock Island Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Rock Island Township, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in South Rock Island Township in October 2024, up by 11.8% month-over-month. Of the 19 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.
Days on Market for South Rock Island Township, IL
How long does it take to sell a home in South Rock Island Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 31 Days | +110.0% |
Summary: Homes in South Rock Island Township had an average of 31 days on market in Oct 2024, up by 110% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Rock Island Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in South Rock Island Township; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.