Is Rockdale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockdale is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Rockdale, IL

How much do homes in Rockdale, IL cost?

Median Sold Price

$285,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$35,000(+14.0%)

Key Takeaway

Homes in Rockdale have sold for 14% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $250K$285K
+14.0%
5+ --
N/A

Summary: Rockdale housing prices by bedroom type for May 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 did not change, 4 bedroom homes increased by 14%, and 5+ bedroom homes did not change.

Housing Supply in Rockdale, IL

How many homes are available in Rockdale, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
32-33.3%

Summary: The Rockdale real estate market had 2 homes for sale in May 2024, a 33.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Rockdale 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockdale, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Rockdale, IL

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

Average Sale Time

Apr 2024May 2024CHANGE
4 Days7 Days+75.0%

Summary: Homes in Rockdale had an average of 7 days on market in May 2024, up by 75% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Rockdale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Rockdale, IL

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