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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockford Township is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Rockford Township, IL cost?

Median Sold Price

$125,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$5,573(+4.7%)

Key Takeaway

Homes in Rockford Township have sold for 4.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $68.5K$61.5K
-10.2%
2 $90.2K$90K
-0.3%
3 $120K$129.9K
+8.3%
4 $155K$149.6K
-3.5%
5+ $160.5K$154K
-4.0%

Median Sold Price Compared To Nearby Cities

Cherry Valley Township
+7.5%
Rockford
+7.3%
Rockford Township
+4.7%
Cherry Valley
-2.4%

How many homes are available in Rockford Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
424400-5.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 711
+57.1%
2 8276
-7.3%
3 202186
-7.9%
4 9387
-6.5%
5+ 4040
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
136107-21.3%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockford Township, you may be able to get a good deal. 43% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days20 Days+30.9%

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockford Township 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.

About Rockford Township, IL

Homes for sale in Rockford Township, IL have reached 400. In August 2022 in Rockford Township, IL there were 5.7% less homes for sale than in July 2022. Listings spent 20 days on the market in August 2022, and had a median list price of $125,000 during the same period. This housing market listing prices have changed between July 2022 and August 2022: the cost of 1 bedroom properties went down by 10.2%, 2 bedrooms properties became 0.3% more cheaper, prices of 3 bedrooms properties went up by 8.3%, the cost of 4 bedrooms properties went down by 3.5%, prices of 5 bedrooms properties went down by 4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 57.1%, number of 2 bedrooms homes decreased by 7.3%, volume of 3 bedrooms homes went down by 7.9%, the quantity of 4 bedrooms homes went down by 6.5%, volume of 5 bedrooms homes stayed the same. In August 2022, from all listings sold in Rockford Township, IL there were more than 46 sold above asking price, over 46 sold below and more than 15 were sold right at the asked price.

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