Is Rock Island County, 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, Rock Island County has remained a Seller's Market.
Housing Prices in Rock Island County, IL
How much do homes in Rock Island County, IL cost?
Median Sold Price
$149,800
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rock Island County was $149,800 in March 2024, up 15% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.8K | $64.9K | +18.4% |
2 Bedrooms | $97.3K | $112.1K | +15.2% |
3 Bedrooms | $139.7K | $162.9K | +16.6% |
4 Bedrooms | $188K | $200K | +6.4% |
5+ Bedrooms | $250K | $283K | +13.2% |
Summary: Rock Island County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Counties
Mercer County | $114.4K | $135.4K | +18.3% |
Rock Island County | $130.2K | $149.8K | +15.0% |
Scott County | $205.3K | $226.2K | +10.2% |
Henry County | $143.7K | $145K | +0.9% |
Clinton County | $144.2K | $145K | 0.5% |
Housing Supply in Rock Island County, IL
How many homes are available in Rock Island County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
339 | 354 | +4.4% |
Summary: The Rock Island County real estate market had 354 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 11 | +57.1% |
2 Bedrooms | 92 | 96 | +4.3% |
3 Bedrooms | 155 | 159 | +2.6% |
4 Bedrooms | 67 | 67 | 0.0% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Rock Island County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 100 | +33.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Rock Island County in March 2024, up by 33.3% month-over-month. Of the 100 sold homes, 31% were sold under asking, 20% were sold at asking, and 49% were sold over asking.
Days on Market for Rock Island County, IL
How long does it take to sell a home in Rock Island County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -23.8% |
Summary: Homes in Rock Island County had an average of 25 days on market in Mar 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 100 homes were sold in Rock Island County; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.