Is Rochelle, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rochelle was a Buyer's Market.
Housing Prices in Rochelle, IL
How much do homes in Rochelle, IL cost?
Median Sold Price
$177,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rochelle was $177,000 in March 2024, up 18.4% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $115K | $149K | +29.6% |
3 Bedrooms | $150K | $175K | +16.7% |
4 Bedrooms | $195K | $235K | +20.5% |
5+ Bedrooms | $221.9K | $178K | -19.8% |
Summary: Rochelle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Cities
Rochelle | $149.5K | $177K | +18.4% |
Flagg Township | $162K | $175.9K | +8.6% |
Housing Supply in Rochelle, IL
How many homes are available in Rochelle, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 41 | +24.2% |
Summary: The Rochelle real estate market had 41 homes for sale in March 2024, a 24.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rochelle 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 remained the same, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Rochelle in March 2024, up by 180.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for Rochelle, IL
How long does it take to sell a home in Rochelle, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 34 Days | -44.2% |
Summary: Homes in Rochelle had an average of 34 days on market in Mar 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Rochelle; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.