Rockford, IL 61108 Real Estate Market Report

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

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Executive Overview

The real estate market in Rockford, IL (ZIP: 61108) is currently characterized by a median sold price of $179,400, reflecting a competitive landscape for buyers. This indicates a robust market environment, with prices showing strength as the neighborhood has increased up since the previous year. The elevated median listing price of $175,950 suggests that sellers are optimistic, although the gap between listing and sold prices may indicate some pricing friction in negotiations.

Market activity is marked by slower sales velocity, with properties remaining on the market for a median of 198 days. This extended duration may suggest a balancing act between buyer expectations and seller pricing strategies. Despite the moderate transaction volume, the market temperature remains hot, driven by strong rental demand and a growing local economy, which continues to attract investor interest.

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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 Rockford, IL are averaging 6.43% as of March 20, 2026, which is 0.26% higher than the 6.67% average recorded a 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 $179,400 indicates strong market performance and reflects actual transaction values.

2. Properties are taking a median of 198 days on market, suggesting a slower sales velocity and potential pricing adjustments.

3. The median listing price stands at $175,950, indicating seller optimism but also potential pricing friction in negotiations.

4. The median market rent has risen to $1,300, highlighting strong rental demand and a competitive rental market.

5. Overall, the market temperature is hot, driven by positive economic momentum and increased investor interest.

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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.