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 April 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
$148,640
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rock Island County was $148,640 in April 2024, up 11.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.7K | $64.9K | +18.6% |
2 Bedrooms | $99.7K | $115K | +15.3% |
3 Bedrooms | $143K | $162.5K | +13.7% |
4 Bedrooms | $188K | $200K | +6.4% |
5+ Bedrooms | $227.5K | $272K | +19.6% |
Summary: Rock Island County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Counties
Mercer County | $117.5K | $142K | +20.9% |
Rock Island County | $133.4K | $148.6K | +11.4% |
Scott County | $207.3K | $229.8K | +10.9% |
Henry County | $143.5K | $145K | +1.0% |
Clinton County | $146.4K | $145K | -1.0% |
Housing Supply in Rock Island County, IL
How many homes are available in Rock Island County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
355 | 378 | +6.5% |
Summary: The Rock Island County real estate market had 378 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 8 | -27.3% |
2 Bedrooms | 98 | 108 | +10.2% |
3 Bedrooms | 156 | 161 | +3.2% |
4 Bedrooms | 69 | 74 | +7.2% |
5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Rock Island County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 92 | -14.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Rock Island County in April 2024, down by 14.8% month-over-month. Of the 92 sold homes, 39% were sold under asking, 20% were sold at asking, and 41% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 31 Days | +18.7% |
Summary: Homes in Rock Island County had an average of 31 days on market in Apr 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 92 homes were sold in Rock Island County; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.