Real Estate Market Update for 61104 (Rockford, IL)
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 24% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 50-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 43%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 20-thousand dollars. The number of units sold increased more than 300% year-over-year, and increased more than 150% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 61104 (Rockford, IL)
Area Information for 61104 (Rockford, IL)
  • Population: 18,682
  • Median Age: 29.72 yr
  • Median Commute Time: 15.78 mins
  • Educational Climate*: 2
  • Sales Tax: 7.25%
  • Population Density: 4,142/sq mi
  • Population Change Since 2000: -5.24%
  • Closest Airport: Chicago/rockford International
  • Closest College: Rockford College
  • Closest Jr. College: Rockford Career College
  • Median Household Income: $23,031
  • Annual Residential Turnover: 17.63%
  • Median Years in Residence: 2.53 yr
  • Median Home Sales Price: $44,500
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: -17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 61104 (Rockford, IL)
Median Age: 29.72 Married: 18% Number of Households: 7,255 Households with Children: 2,486
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 61104 (Rockford, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Lydia Urban Academy-rockford 0.6 mi Private 9-12 0 0
      Cics Jackson 0.8 mi Public - 0 5
      Chicago International Charter - Rockford Patriots 0.8 mi Public K-4 0 0
      Beyer Elementary School 0.8 mi Public K-5 0 3
      Kishwaukee Elementary School 0.8 mi Public K-5 0 4
      Regional Learning Ctr 0.9 mi Public 9-12 0 0
      Abraham Lincoln Middle School 1.0 mi Public 6-8 0 3
      John Nelson Elementary School 1.0 mi Public K-5 1 2
      The Ryan Jury Child Development Learning Center 1.2 mi Private UNGRADE-UNGRADE 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 61104 (Rockford, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.