Is Moline Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moline Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Moline Township, IL

How much do homes in Moline Township, IL cost?

Median Sold Price

$150,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,000(+12.8%)

Key Takeaway

Homes in Moline Township have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Moline Township was $150,000 in May 2024, up 12.8% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $58K$63.2K
+9.0%
2 $112.5K$120.1K
+6.8%
3 $137.9K$162.5K
+17.8%
4 $182.5K$205K
+12.3%
5+ $163K$300K
+84.0%

Summary: Moline Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 84%.

Median Sold Price Compared To Nearby Cities

Rock Island Township
+37.5%
Moline Township
+12.8%
South Moline Township
+10.2%
Moline
+7.1%
South Rock Island Township
0.0%

Housing Supply in Moline Township, IL

How many homes are available in Moline Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
120140+16.7%

Summary: The Moline Township real estate market had 140 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 3240
+25.0%
3 5663
+12.5%
4 2426
+8.3%
5+ 710
+42.9%

Summary: The Moline Township 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 increased by 25%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2547+88.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moline Township, you could pay more than the asking price. 55.3% of homes here sold above asking price last month.

Summary: A total of 47 homes were sold or pending in Moline Township in May 2024, up by 88.0% month-over-month. Of the 47 sold homes, 34% were sold under asking, 11% were sold at asking, and 55% were sold over asking.

Days on Market for Moline Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
10 Days20 Days+88.8%

Summary: Homes in Moline Township had an average of 20 days on market in May 2024, up by 88.8% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 47 homes were sold in Moline Township; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 1 Day Ago

Newest Listings in Moline Township, IL

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