Market Intelligence · IL / Rockford

Rockford, IL 61114 Housing Market

Homes in Rockford's 61114 ZIP are worth a median of $271,549, up 6.5% over the past year. The median list price stands at $317,000, with homes selling in about 29 days as of September 2026.

Updated September 2026Median value$272K

The median home value in Rockford, IL 61114 is $272K as of September 2026, up 6.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 61114 range

$250K to $293K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.5% over 12 months

Sep 2025$255K

Low $255KHigh $272K

Sep 2026$272K

The numbers

What is the 61114 housing market like?

As of September 2026

Typical home value

$272K

6.5%YoY

Median list price

$317K

1.5%MoM

Days on market

16.0%MoM

Homes for sale

39.1%MoM

Price cuts

18.9%

31.1%MoM

New listings

8.3%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

61114 housing market forecast 2027

+4.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 61114 to rise 4.0% by September 2027.

Over the 12 months through September 2026, typical home values in 61114 rose 6.5%, per the Zillow Home Value Index.

Will home prices drop in 61114?

Zillow's forecast does not call for a drop: it expects typical home values in 61114 to rise 4.0% by September 2027, after a 6.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 61114 home prices compare?

61114$271,549
Rockford$172,540
Illinois$194,737
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Rockford: 8 ZIPs; Illinois: 1,084 ZIPs; United States: 26,262 ZIPs).

Context

The 61114 area has 32 homes for sale with 26 new listings as of September 2026. The median asking price of $317,000 sits above the typical home value of $271,549, suggesting some sellers are testing the market. About 18.9% of listings have had price reductions, indicating negotiation room on certain properties. The typical 29-day selling window is moderate for the region. If you're considering selling, expect a market where pricing strategy matters and some flexibility may be necessary to attract buyers.

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Down payment20% · $54,310

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Common questions

What people ask us.

What is the typical home value in 61114?

The typical home value in 61114 is $271,549, up 6.5% over the past year as of September 2026.

How many homes are currently listed for sale?

As of September 2026, there are 32 homes for sale in the 61114 ZIP, with 26 new listings.

How long do homes typically stay on the market?

The median days on market is 29 as of September 2026.

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