Rockford, IL Foreclosures
How much do homes sell for in Rockford, IL?
The average home price is currently $203,487.
In Rockford, IL, how many homes are available?
There are currently 410 active home listings available in Rockford.
What’s the average rental cost in Rockford, IL?
The average rental price in Rockford is $1,128.
What is the most expensive home in Rockford?
The most expensive home sold in Rockford had a price of $42,155,964.
What is currently the cheapest priced home in Rockford, IL?
The cheapest home for sale in Rockford is priced at $10,130.
Living in Rockford, IL
Rockford, Illinois is a vibrant city known for its rich history and diverse attractions. It boasts a robust community with a variety of recreational and cultural opportunities for residents. From beautiful parks to thriving local businesses, Rockford offers something for everyone.
Current Market Conditions in Rockford, IL
Rockford's real estate market has shown steady growth over the past few years, with an increased interest from first-time homebuyers and investors looking for affordable properties. The market is diverse, featuring everything from historic homes to newly constructed developments, catering to a wide range of preferences and budgets. Prices have been gradually rising, signaling a healthy market, and new construction is on the rise, helping to meet demand.
Currently, the area is witnessing a surge in developments, particularly in mixed-use spaces which combine residential living with commercial amenities. The city's ongoing revitalization efforts in downtown Rockford have made it a preferred spot for young professionals seeking a vibrant lifestyle.
Home Value Estimator For Rockford, IL
There are currently 66,441 real estate properties
in Rockford, IL,
with a median automated valuation model (AVM) price
of $165,579.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rockford, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Rockford, IL,
is $203,487.00, with the most expensive house
in Rockford, IL, topping out
at $42,155,964.00 and the cheapest home
in Rockford, IL,
clocking in at $10,130.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rockford, IL!
Rent Prices
In Rockford, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rockford, IL, is on
a rollercoaster ride. The
average rent price in Rockford, IL,
is $1,128.00. Indeed, when looking to rent in
Rockford, IL, you can expect to pay as little
as $430.00 or as much
as $3,100.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Rockford, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
