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 May 2023
Since last year, South Rock Island Township has remained a Seller's Market.
Housing Prices in South Rock Island Township, IL
How much do homes in South Rock Island Township, IL cost?
Median Sold Price
$140,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Rock Island Township was $140,000 in May 2024, the same as last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.9K | $44.1K | -9.7% |
2 Bedrooms | $95.5K | $118K | +23.6% |
3 Bedrooms | $154.9K | $155K | 0.1% |
4 Bedrooms | $183K | $183.2K | 0.1% |
5+ Bedrooms | $200K | $218K | +9.0% |
Summary: South Rock Island Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Rock Island Township | $94.6K | $130.1K | +37.5% |
Milan | $129.6K | $163.5K | +26.1% |
Blackhawk Township | $135K | $164K | +21.5% |
Rock Island | $122.5K | $130K | +6.1% |
South Rock Island Township | $139.9K | $140K | 0.0% |
Housing Supply in South Rock Island Township, IL
How many homes are available in South Rock Island Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 70 | +7.7% |
Summary: The South Rock Island Township real estate market had 70 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 27 | 25 | -7.4% |
3 Bedrooms | 24 | 23 | -4.2% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Rock Island Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in South Rock Island Township in May 2024, up by 52.6% month-over-month. Of the 29 sold homes, 38% were sold under asking, 17% were sold at asking, and 45% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 18 Days | +229.5% |
Summary: Homes in South Rock Island Township had an average of 18 days on market in May 2024, up by 229.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in South Rock Island Township; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.