Rockford, IL 61108 Real Estate Market Report

ZIP Code: 61108
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Rockford, IL is $174,450, reflecting a competitive market with strong year-over-year price appreciation. The neighborhood has increased up since 2023, indicating sustained buyer interest despite a slight slowdown in sales velocity. The current median listing price stands at $189,000, suggesting a notable gap between seller expectations and actual transaction values, which may indicate pricing friction in the market.

Inventory conditions show elevated inventory levels, with a moderate transaction volume leading to a median days on market of 166 days. This extended period on the market, coupled with a hot market temperature, suggests that while demand remains, buyers are taking more time to make purchasing decisions. The overall market dynamics are characterized by affordability relative to other regions, which continues to drive buyer demand despite the moderate interest rate pressure observed in the current environment.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Rockford, IL market average around 6.04% to 6.21% as of mid-February 2026, which is notably lower than the 6.87% average seen one year ago.

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 $174,450 indicates strong market performance despite a slight slowdown in sales velocity.

2. With a median listing price of $189,000, there is a notable gap suggesting potential pricing friction between sellers and buyers.

3. The median days on market of 166 days reflects slower sales velocity, indicating that buyers are taking more time to finalize their purchases.

4. The market temperature is classified as hot, suggesting ongoing strong buyer interest despite elevated inventory levels.

5. The median market rent of $1,300 continues to rise, supporting the notion of sustained demand in the rental market.

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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.