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Friday, May 9, 2025

Home prices in Rock Island County increased

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The median sale price of a home sold in the fourth quarter of 2024 in Rock Island County rose by $26,499, while total sales increased by 44.6%, according to BlockShopper.com.

From October through December of 2024, 201 homes were sold in the county, with sale prices around $128,399. This is a 26% increase over the $101,900 median sale price during the same period in 2023, when there were 139 homes sold.

Based on the latest available data from 2021, the median sales tax on homes in Rock Island County was $2,694, which equates to 2.1% of the median home sale price for the fourth quarter of 2024.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Rock Island County from October 2023 to December 2024.

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024$101,900$101,900$132,750$132,750$130,000$130,000$141,900$141,900$128,399$128,399

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