61103 Home Values & Market Trends

There are 26 homes currently listed for 61103. 61103 real estate market trends show that home prices range from $65,000 to $579,900, and the median sales price in the 61103 zip code is $116,244.07. The total number of properties sold within the past twelve months is 490. In 61103, 18 properties are in foreclosure, 6 are bank owned properties,and 12 are headed for auction.

61103 Real Estate Market Overview

CityMedian Est. Value
Rockford

$ 149,950

$ 98/sqft

Housing Market Summary for 61103

Apr 2023March 2024Change
Median Listing Price$117.5K$111.7K-4.96%
Median Sold Price$94,750$111.7K17.86%
Homes For Sale2626-
Homes Sold17522025.71%
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 61103

The median list price of a home in Rockford, is $116,244.07. A total of 26 properties are for sale, and the percentage of properties for sale in the zip code is 26.00%. The total count of 61103 properties is 7,133.

Foreclosure
There is 1 cities within 61103; 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 61103 with rockford containing 71 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 61103 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 61103; 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 61103 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 0.08% of properties in 61103. There is 1 cities within 61103; rockford containing 26 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    rockford has 44 auction properties, the highest number of properties going to auction in a single city in the state of 61103. Auction homes and other auction properties account for 0.17% of all properties in 61103. There is 1 cities within 61103; 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 0.36% of residential properties in 61103 with rockford containing 205 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61103; 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 61103. rockford has 1507 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.92% of properties in 61103.

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      Guide for 61103

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      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.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.

      Recently Listed Homes 61103

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