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

$230,312

$237/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$32,187(-12.3%)

Key Takeaway

Homes in Rockdale have sold for 12.3% less than they did a month ago.

Summary: The median home sold price in Rockdale was $230,312 in March 2024, down 12.3% from last month, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 -$225.6K
N/A
3 $270K$235K
-13.0%
4 $255K-
N/A
5+ --
N/A

Summary: Rockdale housing prices by bedroom type for March 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 decreased by 13%, 4 bedroom homes did not change, 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

Feb 2024Mar 2024CHANGE
330.0%

Summary: The Rockdale real estate market had 3 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Rockdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Rockdale in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Feb 2024Mar 2024CHANGE
56 Days22 Days-61.1%

Summary: Homes in Rockdale had an average of 22 days on market in Mar 2024, down by 61.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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 March 2024, 2 homes were sold in Rockdale; 50% of homes were sold within 30 days, 50% 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 18 Days Ago

Newest Listings in Rockdale, IL

Nearby Markets to Rockdale, IL

What housing markets are near Rockdale, IL?