Is Rockdale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockdale is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Rockdale has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rockdale, IL

How much do homes in Rockdale, IL cost?

Median Sold Price

$285,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$35,000(+14.0%)

Key Takeaway

Homes in Rockdale have sold for 14% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $250K$285K
+14.0%
5+ --
N/A

Summary: Rockdale housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 14%, and 5+ bedroom homes did not change.

Housing Supply in Rockdale, IL

How many homes are available in Rockdale, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
32-33.3%

Summary: The Rockdale real estate market had 2 homes for sale in May 2024, a 33.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Rockdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockdale, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Rockdale in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rockdale, IL

How long does it take to sell a home in Rockdale, IL?

Average Sale Time

Apr 2024May 2024CHANGE
4 Days7 Days+75.0%

Summary: Homes in Rockdale had an average of 7 days on market in May 2024, up by 75% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Rockdale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

Newest Listings in Rockdale, IL

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