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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roscoe Township is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Roscoe Township was a Seller's Market.

Key Takeaway

Roscoe Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Roscoe Township, IL cost?

Median Sold Price

$272,500

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$49,500(+22.2%)

Key Takeaway

Homes in Roscoe Township have sold for 22.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$256.5K
N/A
2 $120.5K$131.5K
+9.1%
3 $211K$230.2K
+9.1%
4 $282.5K$310.5K
+9.9%
5+ $305K$384.9K
+26.2%

Median Sold Price Compared To Nearby Cities

Roscoe
+28.2%
Roscoe Township
+22.2%
Rockton Township
+13.9%
South Beloit
+7.4%
Rockton
+1.9%

How many homes are available in Roscoe Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
3426-23.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 36
+100.0%
3 2114
-33.3%
4 95
-44.4%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roscoe Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days53 Days+133.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roscoe 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 Roscoe Township, IL

Number of homes for sale in Roscoe Township, IL real estate market have reached 26. Between October 2022 and November 2022, Roscoe Township, IL real estate market has seen decrease in the number of listings by 23.5%. While the average time on the market in November 2022 was 53 days, the median list price was $272,500. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 9.1%, the cost of 3 bedrooms properties went up by 9.1%, prices of 4 bedrooms properties went up by 9.9%, prices of 5 bedrooms properties increased by 26.2%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 100%, volume of 3 bedrooms homes went down by 33.3%, volume of 4 bedrooms homes went down by 44.4%, 5 bedrooms homes inventory did not change. In November 2022 more than 0 listings in Roscoe Township, IL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 1 were sold below.

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