Is Rochelle, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rochelle has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $118.4K | $146.9K | +24.0% |
3 Bedrooms | $152.5K | $176K | +15.4% |
4 Bedrooms | $178K | $219K | +23.0% |
5+ Bedrooms | $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 | $150K | $177K | +18.0% |
Flagg Township | $162.5K | $175K | +7.7% |
Hillcrest | $146K | $137.5K | -5.8% |
Housing Supply in Rochelle, IL
How many homes are available in Rochelle, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 35 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 25 | 21 | -16.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 1 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 32 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
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.