Is Rochester Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Rochester Township has remained a Seller's Market.
Housing Prices in Rochester Township, IL
How much do homes in Rochester Township, IL cost?
Median Sold Price
$247,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Rochester Township was $247,000 in February 2024, up 5.1% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $162.5K | $225K | +38.5% |
3 Bedrooms | $210K | $233K | +11.0% |
4 Bedrooms | $283.5K | $305K | +7.6% |
5+ Bedrooms | $435K | $440K | +1.1% |
Summary: Rochester Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Capital Township | $145K | $159.9K | +10.2% |
Rochester | $225K | $245K | +8.9% |
Springfield | $144.7K | $156K | +7.8% |
Rochester Township | $235K | $247K | +5.1% |
Woodside Township | $129K | $134.8K | +4.5% |
Housing Supply in Rochester Township, IL
How many homes are available in Rochester Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Summary: The Rochester Township real estate market had 11 homes for sale in February 2024, a 22.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rochester Township housing inventory by bedroom type for February 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 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 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 February 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 29 Days | -8.7% |
Summary: Homes in Rochester Township had an average of 29 days on market in Feb 2024, down by 8.7% 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 February 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.