Rockford IL Real Estate Market Trends & Home Values

Rockford

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

Zip	Median Est. Value
61107	$ 189,900 $ 96/sqft
61108	$ 160,000 $ 105/sqft
61103	$ 128,616 $ 85/sqft
61104	$ 73,250 $ 61/sqft
61101	$ 74,125 $ 68/sqft
61114	$ 249,900 $ 113/sqft
61102	$ 76,590 $ 78/sqft
61109	$ 185,888 $ 120/sqft
61112	$ -- $ --

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%
Homes Sold	2,026	1,757	-13.28%

Price

$/Sqft

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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Recently Sold Homes

Explore recent offers and recently sold homes in Rockford, IL

Recently Sold

$219,114

Sold Price

3 beds

2 baths

1,626 sqft

24,394 sqft lot

704 Coolidge Pl, Rockford, IL 61107

Recently Sold

$46,440

Sold Price

1 beds

1 baths

720 sqft

2722 Kilburn Ave, Rockford, IL 61101

Recently Sold

$208,251

Sold Price

3 beds

3 baths

1,404 sqft

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.

Foreclosure

There are 9 zips within Rockford, IL; within these zips, the median estimated home value for homes in foreclosure ranges from $238,774 in 61102 to the lowest value of $28,932 in 61102. Foreclosure homes account for 0.00% of properties in Rockford, IL with 61109 containing 16 foreclosures, the highest number of foreclosure properties in a single zip.

Pre-Foreclosure
Pre-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 Owned
The 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.
Auctions
61109 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.

Homes for Sale

Homes and properties that are actively listed for sale account for 0.46% of residential properties in Rockford, IL with 61107 containing 53 homes for sale, the highest number of listed properties in a single zip. There are 9 zips within Rockford, IL; homes for sale in those zips, have a range of median values from $318,130 in 61108 to the lowest value of $22,542 in 61102.

Sold Homes

The median value for recently sold homes ranges from $370,395 in 61108 to the lowest price of $20,596 in 61108. There are 9 zips within Rockford, IL. 61107 has 363 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.38% of properties in Rockford, IL.

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