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 May 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

$279,900

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,950(+12.0%)

Key Takeaway

Homes in Roscoe have sold for 12% more than they did a year ago.

Summary: The median home sold price in Roscoe was $279,900 in May 2024, up 12% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $478K-
N/A
2 $130K$171.5K
+31.9%
3 $245K$260K
+6.1%
4 $295K$310K
+5.1%
5+ $390K$407.5K
+4.5%

Summary: Roscoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Cities

South Beloit
+12.2%
Roscoe
+12.0%
Rockton
+11.4%
Roscoe Township
+0.8%
Machesney Park
0.1%

Housing Supply in Roscoe, IL

How many homes are available in Roscoe, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3840+5.3%

Summary: The Roscoe real estate market had 40 homes for sale in May 2024, a 5.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1417
+21.4%
4 1512
-20.0%
5+ 24
+100.0%

Summary: The Roscoe housing inventory by bedroom type for May 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 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roscoe, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Roscoe in May 2024, up by 38.5% month-over-month. Of the 18 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% 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

May 2023May 2024CHANGE
27 Days23 Days-16.9%

Summary: Homes in Roscoe had an average of 23 days on market in May 2024, down by 16.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were 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 May 2024, 18 homes were sold in Roscoe; 78% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% 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 13 Days Ago

Newest Listings in Roscoe, IL

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