Rockford - IL housing market
The Rockford metro has a typical home value of $221,368, up 9.1% from a year ago. Homes are moving fast at 7 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($221,368) is the Zillow Home Value Index for the Rockford - IL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 9.1% over the past year. In Rockford - IL, that means a home worth $202,904 last year is now worth roughly $221,368.
The median sale price , what homes actually close for , is $205,676. Homes are selling at 99.5% of list price, meaning buyers have room to negotiate.
Homes listed in Rockford - IL sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.
About 15.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 349 new listings hit the market each month in Rockford - IL. There are currently 678 homes for sale, up 6.9% from a year ago.
The typical monthly rent in Rockford - IL is $1,319, up 9.4% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in IL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Chicago - IL | $353,998 | +4.4% | 8.0d |
| Peoria - IL | $172,742 | +7.7% | 6.0d |
| Davenport - IA | $195,380 | +4.9% | 9.0d |