Is Rock Falls, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Rock Falls was a Seller's Market.
Housing Prices in Rock Falls, IL
How much do homes in Rock Falls, IL cost?
Median Sold Price
$102,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rock Falls was $102,000 in April 2024, up 26.7% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | $55K | +2.8% |
2 Bedrooms | $59.9K | $72K | +20.1% |
3 Bedrooms | $99.8K | $129.9K | +30.2% |
4 Bedrooms | $110K | $129.9K | +18.1% |
5+ Bedrooms | $81K | $179.6K | +121.8% |
Summary: Rock Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 121.8%.
Median Sold Price Compared To Nearby Cities
Rock Falls | $80.5K | $102K | +26.7% |
Sterling | $107.3K | $119.9K | +11.8% |
Sterling Township | $112K | $119.9K | +7.1% |
Coloma Township | $87K | $89.9K | +3.3% |
Housing Supply in Rock Falls, IL
How many homes are available in Rock Falls, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 32 | -5.9% |
Summary: The Rock Falls real estate market had 32 homes for sale in April 2024, a 5.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rock Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 5 | -61.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rock Falls in April 2024, down by 61.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Rock Falls, IL
How long does it take to sell a home in Rock Falls, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 22 Days | -60.6% |
Summary: Homes in Rock Falls had an average of 22 days on market in Apr 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Rock Falls; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.