Rockford, Illinois, is a vibrant city situated along the Rock River, approximately 90 miles northwest of Chicago. Known as the "Forest City" for its abundance of trees, Rockford is the third-largest city in Illinois, with a population of around 150,000. It offers a rich blend of cultural, historical, and recreational attractions, including the scenic Anderson Japanese Gardens, the interactive Discovery Center Museum, and the historic Coronado Theatre. The city’s economy is diverse, with strengths in manufacturing, aerospace, and healthcare, while its revitalized downtown features local restaurants, breweries, and the vibrant City Market. Rockford’s welcoming community, affordable living, and proximity to both urban and natural attractions make it an appealing destination for residents and visitors alike.
Rockford currently has 292 single family homes for sale with an average list price of $241,287.27, 2 townhouses for sale with an average list price of $164,000, 13 condos for sale with an average list price of $235,699.92, and 38 lots for sale with an average list price of $202,229.21. The average annual property tax for Rockford is $3,461.80.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Rockford, i.e. what's hot and what's not.
See What's Hot & What's Not in RockfordRockford home sales for the month of August decreased in volume by 4.5% when compared to last year, while the median sale price rose by 14.5% from $166,750 to $191,000. House sales decreased by 4.8%, while the median sale price rose by 5.4% from $167,500 to $176,500. Condo sales stayed the same, while the median sale price rose by 47.5% from $183,000 to $270,000. Townhouse sales stayed the same, while the median sale price decreased by 27% from $137,000 to $100,000.
1436
|
1276
|
1022
|
1262
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$126,000
|
$131,000
|
$149,000
|
$164,900
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |