Rockford, IL 61108 Real Estate Market Report

ZIP Code: 61108
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary market indicator, $178,000 median sold price, confirms recent transaction values and supports a hot market context with prices up year‑over‑year.

2. With a $178,000 median sold price versus a $165,000 median listing price, the observed premium on closed transactions suggests sellers are achieving higher final sale outcomes than asking levels, which may indicate pricing friction or competitive buyer activity in recent sales.

3. Despite the strong median sold price of $178,000, the median days on market of 224 signals slower sales velocity on a time-to-contract basis; this suggests transactions are achieving higher prices but taking longer to close, which may reflect negotiation cycles or conditional financing timelines.

4. Rental fundamentals are supportive of investment demand: $1,195 median market rent with rent trends up suggests strengthening rental income, while interest rate pressure is moderate (moderate), warranting caution on financing costs for leveraged buyers and investors.

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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.

Rockford, IL 61108 Real Estate Market Report

ZIP Code: 61108
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary indicator, the median sold price is 222,000, which anchors current market value and—together with the reported price year-over-year trend being up—signals recent transaction-level price strength.

2. Despite the hot market temperature, the median days on market is 1,071, which indicates slower sales velocity and may reflect pricing friction, longer negotiation cycles, or segmented buyer appetite rather than immediate turnover.

3. Rental fundamentals are strengthening: the median market rent is 1,000 and the rent year-over-year trend is up, suggesting sustained landlord demand and support for investment case assumptions where cashflow continuity is a priority.

4. The median price per square foot is 152; combined with a moderate interest rate pressure and a hot market temperature, this suggests sellers can test firm pricing near recent transaction levels while buyers should build in extended marketing windows and due-diligence time—pricing discipline and staging may shorten time to contract.

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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.