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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Island is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Rock Island, WA

How much do homes in Rock Island, WA cost?

Median Sold Price

$465,000

$310/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$720,000(-60.8%)

Key Takeaway

Homes in Rock Island have sold for 60.8% less than they did a month ago.

Summary: The median home sold price in Rock Island was $465,000 in November 2024, down 60.8% from last month, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.1M$465K
-60.8%
4 --
N/A
5+ --
N/A

Summary: Rock Island housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 60.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rock Island, WA

How many homes are available in Rock Island, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
330.0%

Summary: The Rock Island real estate market had 3 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

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

Summary: The Rock Island 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Island, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Rock Island in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Rock Island, WA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
483 Days144 Days-70.2%

Summary: Homes in Rock Island had an average of 144 days on market in Nov 2024, down by 70.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Rock Island are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Rock Island; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 18 Days Ago

Newest Listings in Rock Island, WA

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