61107 Home Values & Market Trends

There are 45 homes currently listed for 61107. 61107 real estate market trends show that home prices range from $80,000 to $779,900, and the median sales price in the 61107 zip code is $184,179.98. The total number of properties sold within the past twelve months is 626. In 61107, 2 properties are in foreclosure, 1 are bank owned properties,and 1 are headed for auction.

61107 Real Estate Market Overview

CityMedian Est. Value
Rockford

$ 153,527

$ 99/sqft

Housing Market Summary for 61107

Apr 2023March 2024Change
Median Listing Price$172.4K$179.9K4.32%
Median Sold Price$164K$179.9K9.71%
Homes For Sale4635-23.91%
Homes Sold2792997.17%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 61107

The median list price of a home in Rockford, is $184,179.98. A total of 45 properties are for sale, and the percentage of properties for sale in the zip code is 45.00%. The total count of 61107 properties is 10,949.

Foreclosure
There is 1 cities within 61107; within this cities, the median estimated home value for homes in foreclosure ranges from $385,258 in rockford to the lowest value of $23,400 in rockford. Foreclosure homes account for 0.00% of properties in 61107 with rockford containing 70 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 61107 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61107; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 61107 ranges from the highest value of $198,171 in rockford to the lowest value of $23,400 in rockford. Bank owned homes and properties account for 0.01% of properties in 61107. There is 1 cities within 61107; rockford containing 26 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    rockford has 43 auction properties, the highest number of properties going to auction in a single city in the state of 61107. Auction homes and other auction properties account for 0.01% of all properties in 61107. There is 1 cities within 61107; of that cities, the median estimated home value for homes going to auction ranges from $236,694 in rockford to the lowest value of $45,318 in rockford.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.41% of residential properties in 61107 with rockford containing 204 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61107; homes for sale in that cities, have a range of median values from $957,065 in rockford to the lowest value of $30,080 in rockford.
    Sold Homes
    The median value for recently sold homes ranges from $956,175 in rockford to the lowest price of $19,508 in rockford. There is 1 cities within 61107. rockford has 1502 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.43% of properties in 61107.

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      Guide for 61107

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Recently Listed Homes 61107

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