Rockford, IL metro area Housing Market
Hot MarketComprehensive housing market data for the Rockford, IL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$225K
↑ 17.1% YoY
Days on Market
14 days
↓ 17.6% YoY
Active Inventory
386
↑ 3.8% YoY
Homes Sold
294
↓ 0.7% YoY
Hot Market
Homes are selling quickly with strong competition among buyers.
Rockford, IL metro area Market Summary
The Rockford, IL metro area housing market is heating up. As of March 2026, the median home sale price is $225K, up 17.1% year-over-year. Homes are spending a median of 14 days on the market, 17.6% shorter than a year ago.
There are 386 homes for sale — 3.8% more than last year. With 1.3 months of supply, this is a seller's market. 394 new listings were added during this period, down 6.2% year-over-year.
Homes are selling for 99.4% of their list price on average, suggesting room for negotiation. 39.1% of homes sell above their asking price. 28.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
45
Contributing Factors
How This Market Compares
vs. National Median
vs. Illinois Median
Investor Takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 48% below the national median, which could indicate stronger cash flow potential.
Rockford, IL metro area Market Trends
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Detailed Market Metrics
Median List Price
$200K
Price per Sq Ft
$127
Sale-to-List Ratio
99.4%
Months of Supply
1.3
Sold Above List
39.1%
Price Drops
28.5%
New Listings
394
↓ 6.2% YoY
Pending Sales
411
Off Market in 2 Weeks
61.6%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.