Rockford, IL Home Values & Market Trends
Real estate market trends reflect that there have been 3,196 transactions over the past year in Rockford. The median value for residential home transactions that occurred over the previous year is $151,275.58. The number of current listings in Rockford is 263, and the percentage of properties for sale in the city is 263.00%. Rockford, IL currently has 65 properties in foreclosure, 21 bank owned properties, 44 properties headed for auction, and 263 properties for sale.
Rockford, IL Real Estate Market Overview
Housing Market Summary for Rockford, IL
|Oct 2022||September 2023||Change|
|Median Listing Price||$136.5K||$137.6K||0.82%|
|Median Sold Price||$127.6K||$137.6K||7.89%|
|Homes For Sale||291||226||-22.34%|
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Rockford, IL
24,394 sqft lot
704 Coolidge Pl, Rockford, IL 61107
2722 Kilburn Ave, Rockford, IL 61101
7,841 sqft lot
393 Madeline Trl, Rockford, IL 61107
Browse Homes in Rockford, IL
Rockford home values range from $20,167 to $2,950,582. The median estimated value of a home in Rockford is $151,275.58. The median list price of a home is 149,900, and the total count of properties in the city is 57,298.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Rockford, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 9 zips within Rockford, IL; of those zips, 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 OwnedThe median estimated home value of bank owned homes (REO properties) in Rockford, IL ranges from the highest value of $174,895 in 61107 to the lowest value of $28,932 in 61102. Bank owned homes and properties account for 0.04% of properties in Rockford, IL. There are 9 zips within Rockford, IL; 61103 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61109 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Rockford, IL. Auction homes and other auction properties account for 0.08% of all properties in Rockford, IL. There are 9 zips within Rockford, IL; of those zips, the median estimated home value for homes going to auction ranges from $221,162 in 61102 to the lowest value of $51,595 in 61102.
Compare Nearby Cities
More Real Estate Resources for Rockford, IL
Guide for Rockford, IL
Have you been interested in REO, or real estate owned, properties? RealtyTrac helps you understand what they are and how can you buy one.
You know what a foreclosure is. You are familiar with short sales. But what are the true differences between them?
Want to learn about the foreclosure process? Our article explains it all.
How do you avoid scams when you are in pre-foreclosure? We’ve got the info here.
Recently Listed Homes Rockford, IL
6,970 sqft lot
3115 Blackstone Ave, Rockford, IL 61101
17,424 sqft lot
3466 Dallas Rd, Rockford, IL 61109
14,810 sqft lot
2215 Guilford Rd, Rockford, IL 61107