Real Estate Market Update for 61107 (Rockford, IL)
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 1% 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 over 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 29%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 90-thousand dollars. The number of units sold increased 18% year-over-year, and decreased 23% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 61107 (Rockford, IL)
Area Information for 61107 (Rockford, IL)
  • Population: 31,473
  • Median Age: 41.66 yr
  • Median Commute Time: 15.27 mins
  • Educational Climate*: 4
  • Sales Tax: 6.75%
  • Population Density: 2,121/sq mi
  • Population Change Since 2000: 1.94%
  • Closest Airport: Chicago/rockford International
  • Closest College: Rockford College
  • Closest Jr. College: Rock Valley College
  • Median Household Income: $54,995
  • Annual Residential Turnover: 14.56%
  • Median Years in Residence: 4.65 yr
  • Median Home Sales Price: $89,500
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 14%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 61107 (Rockford, IL)
Median Age: 41.66 Married: 37% Number of Households: 13,732 Households with Children: 3,639
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 61107 (Rockford, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Brookview Elementary School 0.6 mi Public K-5 3-5 5
      Rockford Lutheran Academy 1.1 mi Private PRESCHOOL-5 0 4
      Holy Family Catholic School 1.4 mi Catholic PRESCHOOL-8 0 0
      Alpine Christian School 1.6 mi Private K-8 0 5
      Marsh Elementary School 1.7 mi Public PRESCHOOL-5 1 5
      Rockford Christian Schools 1.7 mi Private PRESCHOOL-12 0 5
      Maud E Johnson Elementary School 1.8 mi Public K-5 2-5 4
      Eisenhower Middle School 2.0 mi Public 6-8 1 3
      C Henry Bloom Elementary School 2.3 mi Public K-5 1 5
      Keith Country Day School 3.1 mi Private PRESCHOOL-12 0 4
      St James Catholic School 4.3 mi Catholic PRESCHOOL-8 0 3
      Montessori Learning Path 4.4 mi Private PRESCHOOL-K 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 61107 (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.