Is Rockford, IL 61114 a buyer’s or seller’s market?
Rockford is a seller’s market. With about 1.4 months of supply and 48% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.4Under 4 months = seller’s market
Sold above original list47.9%Share of sales, last 3 months
Median sale-to-list101.4%Sold price ÷ list price
Median days on market13Listing to accepted offer
Median price per sq ft$133▲ +5.9% vs. last year
Run the numbers for 61114
Nearby markets
Cherry Valley 61016Seller’s market $175 /sq ftDurand 61024Seller’s market $161 /sq ftLoves Park 61111Seller’s market $149 /sq ftMachesney Park 61115Seller’s market $151 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology