Is Rockford Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Rockford Township has remained a Seller's Market.
Housing Prices in Rockford Township, IL
How much do homes in Rockford Township, IL cost?
Median Sold Price
$149,284
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Rockford Township was $149,284 in February 2024, up 16.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $76.2K | +46.6% |
2 Bedrooms | $90K | $112.2K | +24.7% |
3 Bedrooms | $135.5K | $152.1K | +12.3% |
4 Bedrooms | $150K | $191.6K | +27.8% |
5+ Bedrooms | $152K | $186.5K | +22.7% |
Summary: Rockford Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.6%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
Rockford | $123.4K | $149.3K | +21.0% |
Cherry Valley | $238.5K | $280K | +17.4% |
Rockford Township | $128.2K | $149.2K | +16.4% |
Cherry Valley Township | $198.5K | $212K | +6.8% |
Housing Supply in Rockford Township, IL
How many homes are available in Rockford Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
272 | 276 | +1.5% |
Summary: The Rockford Township real estate market had 276 homes for sale in February 2024, a 1.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 54 | 61 | +13.0% |
3 Bedrooms | 125 | 129 | +3.2% |
4 Bedrooms | 68 | 63 | -7.4% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Rockford Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
81 | 71 | -12.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Rockford Township in February 2024, down by 12.3% month-over-month. Of the 71 sold homes, 45% were sold under asking, 18% were sold at asking, and 37% were sold over asking.
Days on Market for Rockford Township, IL
How long does it take to sell a home in Rockford Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 37 Days | -11.6% |
Summary: Homes in Rockford Township had an average of 37 days on market in Feb 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During February 2024, 71 homes were sold in Rockford Township; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.