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IL Avg Real Estate Commission Rate in Moline, Rock Island, Illinois

Moline is a city located in Rock Island County, Illinois, United States. With a population of 43,977 in 2010, it is the largest city in Rock Island County. Moline is one of the Quad Cities, along with neighboring East Moline and Rock Island in Illinois and the cities of Davenport and Bettendorf in Iowa. The Quad Cities have an estimated population of 381,342. The city is the ninth-most populated city in Illinois outside the Chicago Metropolitan Area. The corporate headquarters of Deere & Company is located in Moline, as was Montgomery Elevator, which was founded and headquartered in Moline until 1997, when it was acquired by Kone Elevator, which has its U.S. Division headquartered in Moline. Quad City International Airport, Niabi Zoo, Black Hawk College, and the Quad Cities campus of Western Illinois University-Quad Cities. Moline is a retail hub for the Illinois Quad Cities, as South Park Mall and numerous big-box shopping plazas are located in the city.

In the mid-1990s, the city undertook major efforts to revitalize its central business district, which had declined after suburban growth and retail changes after the 1950s and 1960s. Today, Moline's downtown again serves as one of the civic and recreational hubs of the Quad Cities; many events take place at the 12,000-seat TaxSlayer Center (formerly known as The MARK of the Quad Cities and iWireless Center) and at John Deere Commons. Downtown Moline features hotels such as Radisson and Stoney Creek Inn, and commercial areas such as Bass Street Landing and the historic 5th Avenue.

 

Moline, Rock Island, Illinois Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Davenport-Moline-Rock Island, IA-IL, Illinois. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Moline, Rock Island, Illinois, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Illinois, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Bloomington $156,700 2.00%
Cape Girardeau $146,500 -1.50%
Champaign-Urbana $152,300 4.90%
Chicago-Naperville-Elgin, IL-IN-WI $264,300 7.30%
Davenport-Moline-Rock Island, IA-IL $129,500 3.20%
Decatur $107,400 12.30%
Kankakee $128,400 -5.30%
Peoria $125,900 4.50%
Rockford $122,500 12.40%
St. Louis, MO-IL $174,000 2.20%
Springfield $129,800 -9.30%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Illinois.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2000, there were 39,684 people, 16,148 households, and 9,543 families residing in the Rock Island. The population density was 2,492.0 people per square mile (962.4/km²). There were 17,542 housing units at an average density of 1,101.6 per square mile (425.4/km²). The racial makeup of the city was 77.13% White, 17.17% African American, 0.28% Native American, 0.75% Asian, 0.07% Pacific Islander, 2.41% from other races, and 2.19% from two or more races. Hispanic or Latino of any race were 5.90% of the population.

There were 16,148 households out of which 26.4% had children under the age of 18 living with them, 41.2% were married couples living together, 14.2% had a female householder with no husband present, and 40.9% were non-families. 34.5% of all households were made up of individuals and 14.3% had someone living alone who was 65 years of age or older. The average household size was 2.31 and the average family size was 2.97.

In the city the population was spread out with 23.0% under the age of 18, 13.1% from 18 to 24, 25.7% from 25 to 44, 21.9% from 45 to 64, and 16.3% who were 65 years of age or older. The median age was 36 years. For every 100 females there were 89.5 males. For every 100 females age 18 and over, there were 86.1 males.

The median income for a household in the city was $34,729, and the median income for a family was $45,127. Males had a median income of $32,815 versus $23,378 for females. The per capita income for the city was $19,202. About 10.9% of families and 14.5% of the population were below the poverty line, including 22.5% of those under age 18 and 8.4% of those age 65 or over.

 

ECONOMY:

According to the City's 2010 Comprehensive Annual Financial Report, the largest employers in the city are:

# Employer # of Employees
1 Rock Island Arsenal 8,500
2 UnityPoint Health 1,500
3 Rock Island-Milan School District 41 900
4 County of Rock Island 510
5 Augustana College 500
6 Jumer's Casino & Hotel 450
7 Performance Food Group 450
8 Modern Woodmen of America 440
9 YRC Worldwide 400
10 Dohrn Transfer Company 300

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Moline - Illinois