Is Rock Island, 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, Rock Island has remained a Seller's Market.
Housing Prices in Rock Island, IL
How much do homes in Rock Island, IL cost?
Median Sold Price
$130,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rock Island was $130,000 in April 2024, up 8.3% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59.5K | $46.1K | -22.4% |
2 Bedrooms | $79.9K | $110K | +37.6% |
3 Bedrooms | $134K | $140K | +4.5% |
4 Bedrooms | $161.7K | $160K | -1.1% |
5+ Bedrooms | $174.9K | $207K | +18.4% |
Summary: Rock Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 37.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 18.4%.
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 Rock Island, IL
How many homes are available in Rock Island, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 124 | +15.9% |
Summary: The Rock Island real estate market had 124 homes for sale in April 2024, a 15.9% 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 | 35 | 40 | +14.3% |
3 Bedrooms | 46 | 53 | +15.2% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Rock Island 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 14.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 30 | -3.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Rock Island in April 2024, down by 3.2% month-over-month. Of the 30 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% were sold over asking.
Days on Market for Rock Island, IL
How long does it take to sell a home in Rock Island, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 26 Days | -21.2% |
Summary: Homes in Rock Island had an average of 26 days on market in Apr 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Rock Island; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.