Is Rapids City, IL 61278 a buyer’s or seller’s market?
Rapids City is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Rapids City housing market right now
In the three months ending August 31, 2026, 100% of homes in Rapids City, IL 61278 sold above their list price and the typical home went under contract in 3 days. With only 1 sale, these figures can swing a lot from month to month.
Within Rock Island County, homes here sell faster than in 93% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Cordova 61242 (0% sold over asking) or Hampton 61256 (10% sold over asking).
Run the numbers for 61278
Nearby markets
Andalusia 61232Balanced $118 /sq ftCarbon Cliff 61239Seller’s market $143 /sq ftCoal Valley 61240Seller’s market $140 /sq ftCordova 61242Buyer’s market $106 /sq ft Browse all markets →Where Rapids City is
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Questions about Rapids City real estate
How fast do homes sell in Rapids City?
The typical home went under contract in 3 days in the latest three months.
Do homes in Rapids City sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 109.1% of the list price.
What are property taxes in Rapids City?
About 2.28% of a home’s value a year in Rock Island County, or roughly $9,120 on a $400,000 home.
What is the median home price in Rapids City?
The median sale price was $119,948 in the three months ending August 31, 2026, about $124 per square foot.
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More tools for 61278
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology