Rockford, IL 61107 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of recent market value is the median sold price: 208,000, which anchors transaction-based pricing for the neighborhood and should be treated as the representative recent sale level when advising sellers or buyers.
2. There is a notable spread between the median listing price: 359,950 and the median sold price; this gap suggests pricing friction where seller expectations may be above realized transaction levels and requires tactical pricing to reach contract.
3. Liquidity appears mixed: the median days on market: 240 points to slower sales velocity relative to typical market turnover and may indicate longer listing durations or selective buyer activity; this should be incorporated into time-to-sale expectations and marketing strategies. slower sales velocity
4. Market drivers are positive but warrant caution: the price year-over-year trend: up and market temperature: hot support continued price strength, while rent year-over-year trend: up and a median market rent: 1,175 reinforce rental demand; however, moderate interest rate pressure (Current 30-year fixed mortgage rates in Rockford, IL, are averaging approximately 6.53%) suggests financing sensitivity that could temper buyer urgency.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.