Rockford, IL 61107 Real Estate Market Report

ZIP Code: 61107
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Rockford, IL (ZIP: 61107) is characterized by a median sold price of $209,450, reflecting a steady demand amidst modest price appreciation. The neighborhood has increased 15% since 2023, indicating a positive shift in market value. The median listing price stands at $293,000, suggesting a notable gap between seller expectations and actual transaction prices, which may create pricing friction for potential buyers.

Market dynamics are marked by elevated inventory levels, with a median days on market of 196, indicating slower sales velocity. Although demand remains steady, the excess supply relative to sales activity suggests a competitive environment for buyers. Rental demand is also strong, with a median market rent of $1,320, reflecting consistent upward trends in rental prices, further indicating a healthy rental market in the area.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Rockford, IL are averaging 6.81% compared to approximately 6.22% in early 2026, representing a 0.59% increase for property owners.

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

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Key Findings

1. The median sold price of $209,450 suggests a competitive market, with recent sales reflecting positive price trends.

2. With a median days on market of 196, properties are experiencing slower sales velocity, indicating potential pricing challenges for sellers.

3. The median listing price of $293,000 shows a significant gap from sold prices, which may create pricing friction for buyers.

4. The market temperature is neutral, suggesting a balanced environment with steady demand and elevated inventory levels.

5. Rental demand remains strong, with a median market rent of $1,320, indicating a growing interest in rental properties.

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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.