Is Rockford, IL 61104 a buyer’s or seller’s market?
Rockford is a seller’s market. With about 1.9 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 59% of U.S. ZIP codes, and #318 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Rockford housing market right now
In the three months ending August 31, 2026, 25% of homes in Rockford, IL 61104 sold above their list price, the typical home went under contract in 20 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 55 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 42%, homes sold more slowly (12 days then) and the median sale price rose 8% to $144,604. Overall, Rockford is less competitive than a year ago, which gives buyers more room.
Within Winnebago County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Rockford ranks #318 of 464 IL ZIP codes with enough sales (score 57 out of 100).
Nearby, Rockford 61108 (63% sold over asking) and Machesney Park 61115 (63% sold over asking) are even more competitive.
Run the numbers for 61104
Nearby markets
Cherry Valley 61016Seller’s market $175 /sq ftDurand 61024Seller’s market $161 /sq ftLoves Park 61111Seller’s market $149 /sq ftMachesney Park 61115Seller’s market $151 /sq ft Browse all markets →Towns like Rockford nearby
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Questions about Rockford real estate
Is Rockford a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Rockford, IL 61104 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Rockford?
The typical home went under contract in 20 days in the latest three months.
Do homes in Rockford sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Rockford?
About 2.39% of a home’s value a year in Winnebago County, or roughly $9,560 on a $400,000 home.
What is the median home price in Rockford?
The median sale price was $144,604 in the three months ending August 31, 2026, about $100 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology