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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockford is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Rockford has remained a Seller's Market.

Key Takeaway

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

How much do homes in Rockford, IL cost?

Median Sold Price

$120,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$11,000(+10.1%)

Key Takeaway

Homes in Rockford have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $68K$49K
-27.9%
2 $83.7K$85K
+1.5%
3 $109.4K$126.4K
+15.5%
4 $149.9K$140K
-6.6%
5+ $159K$150.5K
-5.3%

Median Sold Price Compared To Nearby Cities

Rockford
+10.1%
Rockford Township
+8.7%
Cherry Valley Township
+7.5%
Cherry Valley
+1.1%

How many homes are available in Rockford, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
373339-9.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 65
-16.7%
2 6862
-8.8%
3 169153
-9.5%
4 8378
-6.0%
5+ 4741
-12.8%

Number of Homes Sold

Jun 2022Jul 2022%
113104-8.0%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockford, you could pay more than the asking price. 55.8% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
13 Days24 Days+78.2%

Breakdown of Home Sale Times

89 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

New

1021 N Rockton Ave, Rockford, IL 61103

1021 N Rockton Ave, Rockford, IL 61103

$49,900
1,248 SqFt
4 Bedrooms
~$250/mo.*2 Full Baths
Veronica Ortega#11490983
Listing Office:
Re/Max Property SourceMLS logo

New

2815 Summerdale Ave, Rockford, IL 61103

2815 Summerdale Ave, Rockford, IL 61103

$49,900
720 SqFt
2 Bedrooms
~$250/mo.*1 Full Bath
Jeff Robertson#11489722
Listing Office:
Keller Williams Realty SignatureMLS logo

New

1404 Livingston Dr, Rockford, IL 61107

1404 Livingston Dr, Rockford, IL 61107

$219,900
1,359 SqFt
3 Bedrooms
~$1,050/mo.*2 Full Baths
Fidel Batres#11489710
Listing Office:
Keller Williams Realty SignatureMLS logo

New

2010 S 4th St, Rockford, IL 61104

2010 S 4th St, Rockford, IL 61104

$90,000
1,203 SqFt
3 Bedrooms
~$450/mo.*1 Full Bath
Roxanne White#11489629
Listing Office:
Key RealtyMLS logo

New

1420 N Court St, Rockford, IL 61103

1420 N Court St, Rockford, IL 61103

$139,000
1,178 SqFt
4 Bedrooms
~$700/mo.*2 Full Baths
Jorge Da Silva#11489421
Listing Office:
Key RealtyMLS logo

New

1714 N Rockton Ave, Rockford, IL 61103

1714 N Rockton Ave, Rockford, IL 61103

$59,900
1,085 SqFt
2 Bedrooms
~$300/mo.*1 Full Bath
Jeffrey Sturtevant#11489134
Listing Office:
Broker X Realty LLCMLS logo

New

224 Warren Ave, Rockford, IL 61107

224 Warren Ave, Rockford, IL 61107

$159,900
1,748 SqFt
3 Bedrooms
~$800/mo.*1 Full Bath, 1 Partial
Heather Long#11488958
Listing Office:
Key RealtyMLS logo

New

3123 Guilford Rd, Rockford, IL 61107

3123 Guilford Rd, Rockford, IL 61107

$194,800
2,024 SqFt
4 Bedrooms
~$950/mo.*1 Full Bath, 1 Partial
Dianne Parvin#11488941
Listing Office:
Berkshire Hathaway HomeServices Crosby Starck RealMLS logo

New

234 Lilac Ln Unit 234, Rockford, IL 61107

234 Lilac Ln Unit 234, Rockford, IL 61107

$180,000
1,713 SqFt
2 Bedrooms
~$900/mo.*2 Full Baths
Brenda D'Amore#11488818
Listing Office:
Keller Williams Inspire - GenevaMLS logo

New

801 Coolidge Pl, Rockford, IL 61107

801 Coolidge Pl, Rockford, IL 61107

$220,000
3,464 SqFt
5 Bedrooms
~$1,050/mo.*3 Full Baths, 1 Partial
Jean Campbell#11486459
Listing Office:
Gambino Realtors Home BuildersMLS logo

New

1315 James Ave, Rockford, IL 61107

1315 James Ave, Rockford, IL 61107

$226,200
1,649 SqFt
3 Bedrooms
~$1,100/mo.*3 Full Baths
Enrique Aguilar#11488312
Listing Office:
RE/MAX HorizonMLS logo

New

1622 Fairview Ct, Rockford, IL 61107

1622 Fairview Ct, Rockford, IL 61107

$142,000
2,132 SqFt
4 Bedrooms
~$700/mo.*2 Full Baths
Catherine Fiebig#11488170
Listing Office:
Berkshire Hathaway HomeServices Crosby Starck RealMLS logo

About Rockford, IL

Homes for sale in Rockford, IL have reached 339. The number of listings in Rockford, IL decreased by 9.1% between June 2022 and July 2022. In July 2022, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $120,000. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 27.9%, 2 bedrooms properties became 1.5% more expensive, prices of 3 bedrooms properties went up by 15.5%, the cost of 4 bedrooms properties went down by 6.6%, 5 bedrooms properties became 5.3% more cheaper. Volume of homes for sale changed: number of 1 bedroom homes decreased by 16.7%, number of 2 bedrooms homes decreased by 8.8%, number of 3 bedrooms homes decreased by 9.5%, the quantity of 4 bedrooms homes went down by 6%, 5 bedrooms homes became 12.8% less available. Rockford, IL housing market in July 2022 saw over 58 listings sold above listed price, more than 6 sold at listed price and over 40 sold below.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 08/01/2020 - 08/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/13/2022, 2:15:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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