Is Gifford, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gifford is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Gifford was a Neutral Market.

Key Takeaway

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

Housing Prices in Gifford, IL

How much do homes in Gifford, IL cost?

Median Sold Price

$167,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,750(-2.8%)

Key Takeaway

Homes in Gifford have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Gifford was $167,000 in November 2024, down 2.8% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$48K
N/A
2 $108K$165K
+52.8%
3 $175.5K$185K
+5.4%
4 -$165K
N/A
5+ $259K-
N/A

Summary: Gifford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gifford
-2.8%
Compromise Township
-6.6%

Housing Supply in Gifford, IL

How many homes are available in Gifford, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13+200.0%

Summary: The Gifford real estate market had 3 homes for sale in November 2024, a 200.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 00
0.0%
5+ 01
+100.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gifford, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Gifford in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Gifford, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days8 Days-76.5%

Summary: Homes in Gifford had an average of 8 days on market in Nov 2024, down by 76.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Gifford; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Gifford, IL

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