Is Moline, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Moline has remained a Seller's Market.
Key Takeaway
Moline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moline, IL
How much do homes in Moline, IL cost?
Median Sold Price
$150,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Moline have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Moline was $150,000 in March 2024, up 11.1% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $64.9K | +11.9% |
| 2 Bedrooms | $113.5K | $119K | +4.8% |
| 3 Bedrooms | $137.9K | $164K | +18.9% |
| 4 Bedrooms | $189.9K | $195K | +2.7% |
| 5+ Bedrooms | $228.5K | $297.5K | +30.2% |
Summary: Moline housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 30.2%.
Median Sold Price Compared To Nearby Cities
| Coal Valley Township | $190K | $230K | +21.1% |
| Coal Valley | $192K | $232K | +20.8% |
| Moline Township | $125K | $150K | +20.0% |
| South Moline Township | $148K | $165K | +11.5% |
| Moline | $134.9K | $150K | +11.1% |
Housing Supply in Moline, IL
How many homes are available in Moline, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 100 | 98 | -2.0% |
Summary: The Moline real estate market had 98 homes for sale in March 2024, a 2.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 33 | 31 | -6.1% |
| 3 Bedrooms | 45 | 44 | -2.2% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Moline housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moline, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Moline in March 2024, the same as the previous month. Of the 29 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% were sold over asking.
Days on Market for Moline, IL
How long does it take to sell a home in Moline, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 20 Days | -25.3% |
Summary: Homes in Moline had an average of 20 days on market in Mar 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moline are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Moline; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.