Is South Rock Island Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Rock Island Township has remained a Seller's Market.
Key Takeaway
South Rock Island Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Rock Island Township, IL
How much do homes in South Rock Island Township, IL cost?
Median Sold Price
$140,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Rock Island Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in South Rock Island Township was $140,000 in April 2024, up 4.5% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.9K | $44.2K | -9.6% |
| 2 Bedrooms | $93.5K | $120K | +28.3% |
| 3 Bedrooms | $151.7K | $155K | +2.1% |
| 4 Bedrooms | $183K | $186K | +1.6% |
| 5+ Bedrooms | $210K | $173K | -17.6% |
Summary: South Rock Island Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Rock Island Township | $90.9K | $130K | +42.9% |
| Milan | $127K | $162K | +27.6% |
| Blackhawk Township | $130K | $164K | +26.2% |
| Rock Island | $119.9K | $130K | +8.3% |
| South Rock Island Township | $134K | $140K | +4.5% |
Housing Supply in South Rock Island Township, IL
How many homes are available in South Rock Island Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 70 | +14.8% |
Summary: The South Rock Island Township real estate market had 70 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Rock Island Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Rock Island Township, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in South Rock Island Township in April 2024, down by 9.5% month-over-month. Of the 19 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for South Rock Island Township, IL
How long does it take to sell a home in South Rock Island Township, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +23.6% |
Summary: Homes in South Rock Island Township had an average of 25 days on market in Apr 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Rock Island Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in South Rock Island Township; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.