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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roscoe is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Roscoe, IL

How much do homes in Roscoe, IL cost?

Median Sold Price

$279,900

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$37,900(+15.7%)

Key Takeaway

Homes in Roscoe have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Roscoe was $279,900 in March 2024, up 15.7% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $478K-
N/A
2 $130K$175.2K
+34.8%
3 $236K$260K
+10.2%
4 $290K$311.2K
+7.3%
5+ $340K$394.5K
+16.0%

Summary: Roscoe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Cities

Roscoe
+15.7%
Rockton
+13.5%
Machesney Park
+4.9%
Roscoe Township
+0.8%

Housing Supply in Roscoe, IL

How many homes are available in Roscoe, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2925-13.8%

Summary: The Roscoe real estate market had 25 homes for sale in March 2024, a 13.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 97
-22.2%
4 1411
-21.4%
5+ 12
+100.0%

Summary: The Roscoe 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roscoe, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Roscoe in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.

Days on Market for Roscoe, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
33 Days54 Days+63.3%

Summary: Homes in Roscoe had an average of 54 days on market in Mar 2024, up by 63.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 10 homes were sold in Roscoe; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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 25 Days Ago

Newest Listings in Roscoe, IL

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