Is Rochester Township, 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, Rochester Township was a Seller's Market.
Housing Prices in Rochester Township, IL
How much do homes in Rochester Township, IL cost?
Median Sold Price
$260,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rochester Township was $260,000 in March 2024, up 13% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $167K | $240K | +43.7% |
3 Bedrooms | $200K | $250K | +25.0% |
4 Bedrooms | $261.5K | $337.5K | +29.1% |
5+ Bedrooms | $435K | $440K | +1.1% |
Summary: Rochester Township 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 43.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Rochester | $222.5K | $259.9K | +16.8% |
Rochester Township | $230K | $260K | +13.0% |
Capital Township | $145.3K | $159.7K | +9.9% |
Springfield | $144.9K | $155.7K | +7.4% |
Woodside Township | $130.9K | $134.5K | +2.7% |
Housing Supply in Rochester Township, IL
How many homes are available in Rochester Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Summary: The Rochester Township real estate market had 18 homes for sale in March 2024, a 50.0% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Rochester Township 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 increased by 50%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Rochester Township in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Rochester Township, IL
How long does it take to sell a home in Rochester Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
4 Days | 22 Days | +410.0% |
Summary: Homes in Rochester Township had an average of 22 days on market in Mar 2024, up by 410% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Rochester Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.