Is Rock Island Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Island Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Rock Island Township has remained a Seller's Market.

Key Takeaway

Rock Island Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rock Island Township, IL

How much do homes in Rock Island Township, IL cost?

Median Sold Price

$130,000

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$39,050(+42.9%)

Key Takeaway

Homes in Rock Island Township have sold for 42.9% more than they did a year ago.

Summary: The median home sold price in Rock Island Township was $130,000 in April 2024, up 42.9% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $107.5K$46.1K
-57.0%
2 $72K$110K
+52.8%
3 $95K$140K
+47.4%
4 $127K$160K
+26.0%
5+ $153.5K$207K
+34.9%

Summary: Rock Island Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57%, 2 bedroom homes increased by 52.8%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 34.9%.

Median Sold Price Compared To Nearby Cities

Rock Island Township
+42.9%
Moline Township
+15.5%
Davenport
+8.8%
Rock Island
+8.3%
South Rock Island Township
+4.5%

Housing Supply in Rock Island Township, IL

How many homes are available in Rock Island Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
107123+15.0%

Summary: The Rock Island Township real estate market had 123 homes for sale in April 2024, a 15.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 3540
+14.3%
3 4652
+13.0%
4 1823
+27.8%
5+ 66
0.0%

Summary: The Rock Island Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3130-3.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Island Township, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Rock Island Township in April 2024, down by 3.2% month-over-month. Of the 30 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% were sold over asking.

Days on Market for Rock Island Township, IL

How long does it take to sell a home in Rock Island Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days26 Days-21.2%

Summary: Homes in Rock Island Township had an average of 26 days on market in Apr 2024, down by 21.2% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rock Island Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 30 homes were sold in Rock Island Township; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Rock Island Township, IL

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