New - 23 hours on Rocket
$1,186 Closing Credit¹
Kevin Welch, Listing Office: Grampp Realty
Rock Island Housing Market Report December 2024•Rock Island County, Illinois
Housing Prices in Rock Island, IL
How much do homes in Rock Island, IL cost?
Housing Market Conditions
Is Rock Island, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Rock Island is a Seller's Market
Difference Since December 2023
Since last year, Rock Island has remained a Seller's Market.
Insight
Rock Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$138,800$95/SqFt
+$16,475
+13.5%
Based on all homes sold in the last 12 months
Insight
Homes in Rock Island have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Rock Island was $138,800 in December 2024, up 13.5% from last year, and the median price per square foot was $95.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Blackhawk Township | $141.5K | $169.9K | +20.1% |
| Rock Island Township | $122K | $138.5K | +13.6% |
| Rock Island | $122.3K | $138.8K | +13.5% |
| Milan | $151K | $167.4K | +10.9% |
| South Rock Island Township | $138.1K | $148K | +7.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $43.1K | $64.9K | +50.4% |
| 22 Bedrooms | $96K | $115K | +19.8% |
| 33 Bedrooms | $132K | $153.5K | +16.3% |
| 44 Bedrooms | $153.6K | $177.4K | +15.5% |
| 55+ Bedrooms | $173K | $130K | -24.9% |
Summary: Rock Island housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +50.4%. The home price for 2 bedroom homes increased by +19.8%. The home price for 3 bedroom homes increased by +16.3%. The home price for 4 bedroom homes increased by +15.5%. The home price for 5 bedroom homes decreased by -24.9%.
Housing supply in Rock Island, IL
How many homes are available in Rock Island, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 124Last MonthDec 2024 | ||
| 1362 months agoNov 2024 | -8.8 % Change MoMNov – Dec |
Summary: The Rock Island real estate market had 124 homes for sale in Dec 2024, a 8.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 30Last MonthDec 2024 | ||
| 312 months agoNov 2024 | -3.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 6 | 5 | -16.7% |
| 22 Bedrooms | 44 | 44 | 0.0% |
| 33 Bedrooms | 57 | 49 | -14.0% |
| 44 Bedrooms | 22 | 19 | -13.6% |
| 55+ Bedrooms | 7 | 7 | 0.0% |
Summary: Rock Island housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.7%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -14.0%. The inventory for 4 bedroom homes decreased by -13.6%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Rock Island, IL cost?
Over Asking Price9 Homes
At Asking Price6 Homes
Under Asking Price15 Homes
Insight
If you're buying a home in Rock Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Rock Island in December 2024, down by 3.2% month-over-month. Of the 30 sold homes, 50% were sold under asking, 20% were sold at asking, and and 30% were sold over asking.
Days on Market for Rock Island, IL
How long does it take to sell a home in Rock Island, IL?
Breakdown of Home Sale Times
Under 30 Days18 Homes
30 – 90 Days9 Homes
Over 90 Days3 Homes
Insight
Many homes in Rock Island are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 30 homes were sold in Rock Island; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 36 DaysThis YearDec 2024 | ||
| 19 Days1 year agoDec 2023 | +86.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Rock Island had an average listing age of 36 days in Dec 2024, up by 86.0% compared to the previous year.
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Newest Listings in Rock Island, IL
What homes are available in Rock Island, IL?
New - 2 days on Rocket
$1,009 Closing Credit¹
Lucky Lang II, Listing Office: Mel Foster Co. Davenport
New - 2 days on Rocket
$831 Closing Credit¹
Lucky Lang II, Listing Office: Mel Foster Co. Davenport
New - 2 days on Rocket
$1,484 Closing Credit¹
Kyle Robinson, Listing Office: Epique Realty
New - 6 days on Rocket
$1,899 Closing Credit¹
Amanda Herrera, Listing Office: NextHome QC Realty
New - 6 days on Rocket
$2,648 Closing Credit¹
Lisa Sprouse, Listing Office: EXP REALTY, LLC.
New - 6 days on Rocket
$1,300 Closing Credit¹
Richard Bassford, Listing Office: RE/MAX Concepts Bettendorf
New - 7 days on Rocket
$1,186 Closing Credit¹
Zach Frick, Listing Office: EXP REALTY, LLC
$1,663 Closing Credit¹
Austin Woods, Listing Office: EXP REALTY, LLC.
$1,841 Closing Credit¹
Niki Greenwood, Listing Office: Epique Realty
$1,780 Closing Credit¹
Zach Frick, Listing Office: EXP REALTY, LLC
$1,983 Closing Credit¹
Wilhelmenia Clay, Listing Office: Grampp Realty
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 01/01/2023 - 01/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.