Is Rochelle, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rochelle is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Rochelle has remained a Seller's Market.

Key Takeaway

Rochelle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rochelle, IL

How much do homes in Rochelle, IL cost?

Median Sold Price

$177,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$27,000(+18.0%)

Key Takeaway

Homes in Rochelle have sold for 18% more than they did a year ago.

Summary: The median home sold price in Rochelle was $177,000 in April 2024, up 18% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $65K-
N/A
2 $118.4K$146.9K
+24.0%
3 $152.5K$176K
+15.4%
4 $178K$219K
+23.0%
5+ $184.9K$178.5K
-3.5%

Summary: Rochelle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Cities

Rochelle
+18.0%
Flagg Township
+7.7%
Hillcrest
-5.8%

Housing Supply in Rochelle, IL

How many homes are available in Rochelle, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4235-16.7%

Summary: The Rochelle real estate market had 35 homes for sale in April 2024, a 16.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2521
-16.0%
4 98
-11.1%
5+ 11
0.0%

Summary: The Rochelle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rochelle, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Rochelle in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.

Days on Market for Rochelle, IL

How long does it take to sell a home in Rochelle, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
14 Days32 Days+127.7%

Summary: Homes in Rochelle had an average of 32 days on market in Apr 2024, up by 127.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rochelle are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 15 homes were sold in Rochelle; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Rochelle, IL

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