Is Roscoe, 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, Roscoe has remained a Seller's Market.
Housing Prices in Roscoe, IL
How much do homes in Roscoe, IL cost?
Median Sold Price
$275,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Roscoe was $275,000 in April 2024, up 9.6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $478K | - | N/A |
2 Bedrooms | $130K | $173.2K | +33.3% |
3 Bedrooms | $243.5K | $260K | +6.8% |
4 Bedrooms | $295K | $311.2K | +5.5% |
5+ Bedrooms | $300K | $407.5K | +35.8% |
Summary: Roscoe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 35.8%.
Median Sold Price Compared To Nearby Cities
Roscoe | $251K | $275K | +9.6% |
Machesney Park | $162K | $170K | +4.9% |
Rockton | $248K | $255K | +2.8% |
Roscoe Township | $270K | $265K | -1.9% |
Housing Supply in Roscoe, IL
How many homes are available in Roscoe, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Summary: The Roscoe real estate market had 37 homes for sale in April 2024, a 32.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Roscoe 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 75%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Roscoe in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 20 Days | -46.4% |
Summary: Homes in Roscoe had an average of 20 days on market in Apr 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Roscoe; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.