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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stanford is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Stanford, IL

How much do homes in Stanford, IL cost?

Median Sold Price

$220,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$96,000(+77.4%)

Key Takeaway

Homes in Stanford have sold for 77.4% more than they did a year ago.

Summary: The median home sold price in Stanford was $220,000 in November 2024, up 77.4% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $122K-
N/A
3 $79.5K$201.5K
+153.5%
4 $124K$220K
+77.4%
5+ $181K-
N/A

Summary: Stanford 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 did not change, 3 bedroom homes increased by 153.5%, 4 bedroom homes increased by 77.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stanford
+77.4%
Allin Township
+68.1%

Housing Supply in Stanford, IL

How many homes are available in Stanford, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
35+66.7%

Summary: The Stanford real estate market had 5 homes for sale in November 2024, a 66.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 11
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Stanford 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stanford, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Stanford, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
101 Days42 Days-58.4%

Summary: Homes in Stanford had an average of 42 days on market in Nov 2024, down by 58.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stanford has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Stanford; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Stanford, IL

Nearby Markets to Stanford, IL