Is Ford County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ford County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Ford County has remained a Seller's Market.

Key Takeaway

Ford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ford County, IL

How much do homes in Ford County, IL cost?

Median Sold Price

$134,500

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,500(+3.5%)

Key Takeaway

Homes in Ford County have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Ford County was $134,500 in October 2024, up 3.5% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55.7K$63.5K
+13.9%
2 $94K$94K
0.0%
3 $136K$138.2K
+1.7%
4 $153.7K$165K
+7.3%
5+ $115K$162.5K
+41.3%

Summary: Ford County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 41.3%.

Median Sold Price Compared To Nearby Counties

Champaign County
+11.0%
Iroquois County
+10.7%
McLean County
+9.5%
Livingston County
+4.9%
Ford County
+3.5%

Housing Supply in Ford County, IL

How many homes are available in Ford County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3440+17.6%

Summary: The Ford County real estate market had 40 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 811
+37.5%
3 1719
+11.8%
4 88
0.0%
5+ 01
+100.0%

Summary: The Ford County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
513+160.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ford County, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Ford County in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for Ford County, IL

How long does it take to sell a home in Ford County, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days39 Days+68.9%

Summary: Homes in Ford County had an average of 39 days on market in Oct 2024, up by 68.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ford County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Ford County; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Ford County, IL

Nearby Markets to Ford County, IL

What housing markets are near Ford County, IL?