61108 Home Values & Market Trends

There are 40 homes currently listed for 61108. 61108 real estate market trends show that home prices range from $55,000 to $285,000, and the median sales price in the 61108 zip code is $159,544.73. The total number of properties sold within the past twelve months is 553. In 61108, 14 properties are in foreclosure, 3 are bank owned properties,and 11 are headed for auction.

61108 Real Estate Market Overview

CityMedian Est. Value
Rockford

$ 153,527

$ 99/sqft

Housing Market Summary for 61108

Apr 2023March 2024Change
Median Listing Price$135K$158.8K17.66%
Median Sold Price$134.9K$158.8K17.75%
Homes For Sale233656.52%
Homes Sold2362568.47%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 61108

The median list price of a home in Rockford, is $159,544.73. A total of 40 properties are for sale, and the percentage of properties for sale in the zip code is 40.00%. The total count of 61108 properties is 9,870.

Foreclosure
There is 1 cities within 61108; within this cities, the median estimated home value for homes in foreclosure ranges from $385,258 in rockford to the lowest value of $23,400 in rockford. Foreclosure homes account for 0.00% of properties in 61108 with rockford containing 70 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 61108 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61108; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 61108 ranges from the highest value of $198,171 in rockford to the lowest value of $23,400 in rockford. Bank owned homes and properties account for 0.03% of properties in 61108. There is 1 cities within 61108; rockford containing 26 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    rockford has 43 auction properties, the highest number of properties going to auction in a single city in the state of 61108. Auction homes and other auction properties account for 0.11% of all properties in 61108. There is 1 cities within 61108; of that cities, the median estimated home value for homes going to auction ranges from $236,694 in rockford to the lowest value of $45,318 in rockford.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.41% of residential properties in 61108 with rockford containing 204 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61108; homes for sale in that cities, have a range of median values from $957,065 in rockford to the lowest value of $30,080 in rockford.
    Sold Homes
    The median value for recently sold homes ranges from $956,175 in rockford to the lowest price of $19,508 in rockford. There is 1 cities within 61108. rockford has 1502 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.44% of properties in 61108.

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      Guide for 61108

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      Las Vegas Market Report – April 2024
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      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

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      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Las Vegas Market Report – April 2024
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      A comprehensive look at the current real estate trends in Las Vegas and surrounding areas, highlighting the fluctuation in property prices, inventory and sales.