Is Roscoe, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Roscoe has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $478K | - | N/A |
2 Bedrooms | $130K | $175.2K | +34.8% |
3 Bedrooms | $236K | $260K | +10.2% |
4 Bedrooms | $290K | $311.2K | +7.3% |
5+ Bedrooms | $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 | $242K | $279.9K | +15.7% |
Rockton | $245K | $278K | +13.5% |
Machesney Park | $162K | $170K | +4.9% |
Roscoe Township | $265K | $267K | +0.8% |
Housing Supply in Roscoe, IL
How many homes are available in Roscoe, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 25 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 1 | 2 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 10 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 54 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
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.