Rockford-area home prices rise 4.2% in April, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read
Coldwell Banker real estate agent Annie Beyersdorf meets with Robby Schroeder and Michael Jacobs before a home inspection on a home that the couple has an accepted offer to purchase on March 28, 2022, in Grand Chute, Wis. Three months ago, they sold their home and started to hunt for a new, larger one with character inside and out. It took them three months, almost 30 private visits and open houses, and four offers before they were able to land a home.

A typical Winnebago County home listed for $125,000 in April, up 4.2% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in April was down about 5.6% from April 2021. Winnebago County's median home was 1,563 square feet for a listed price of $88 per square foot.

The Winnebago County market was busy, with a median 31 days on market. A month earlier, homes had a median 34 days on market. The market added 500 new home listings in April, compared with the 528 added in April 2021. The market ended the month with some 272 listings of homes for sale.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

What were Rockford-area home prices in April? Here's a county-by-county breakdown

Boone County's home prices fell 0.6%, to a median $309,900, from a month earlier. The typical house was on the market for 27 days, from 62 days a month earlier. The typical 2,096-square-foot house had a list price of $130 per square foot.

Ogle County's home prices fell 4.1%, to a median $164,900, from a month earlier. The typical house was on the market for 59 days, from 61 days a month earlier. The typical 1,736-square-foot house had a list price of $94 per square foot.

Across metro Rockford, median home prices rose to $165,000, up 15.8% from a month earlier. The median home had 1,690 square feet, at a list price of $95 per square foot.

Across all of Illinois, median home prices were $288,900, rising 4.9% from a month earlier. The median Illinois home for sale had 1,600 square feet at list price of $173 per square foot.

Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on Rockford Register Star: Rockford-area homes for sale rise to $125,000 median price