Is Rock Island County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rock Island County has remained a Seller's Market.
Housing Prices in Rock Island County, IL
How much do homes in Rock Island County, IL cost?
Median Sold Price
$147,020
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rock Island County was $147,020 in May 2024, up 7.7% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52.7K | $61.5K | +16.6% |
2 Bedrooms | $100.4K | $114.9K | +14.4% |
3 Bedrooms | $147.5K | $162.5K | +10.2% |
4 Bedrooms | $194.9K | $197K | +1.0% |
5+ Bedrooms | $222.5K | $276.5K | +24.3% |
Summary: Rock Island County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Counties
Mercer County | $119K | $135K | +13.4% |
Scott County | $209.5K | $230.4K | +10.0% |
Rock Island County | $136.5K | $147K | +7.7% |
Henry County | $145.2K | $142.3K | -2.0% |
Clinton County | $147.5K | $143K | -3.1% |
Housing Supply in Rock Island County, IL
How many homes are available in Rock Island County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
392 | 434 | +10.7% |
Summary: The Rock Island County real estate market had 434 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 112 | 126 | +12.5% |
3 Bedrooms | 168 | 183 | +8.9% |
4 Bedrooms | 77 | 85 | +10.4% |
5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The Rock Island County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 155 | +63.2% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Summary: A total of 155 homes were sold or pending in Rock Island County in May 2024, up by 63.2% month-over-month. Of the 155 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Rock Island County, IL
How long does it take to sell a home in Rock Island County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 25 Days | +31.5% |
Summary: Homes in Rock Island County had an average of 25 days on market in May 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 155 homes were sold in Rock Island County; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.