Is Stone Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stone Park is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Stone Park was a Buyer's Market.

Key Takeaway

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

Housing Prices in Stone Park, IL

How much do homes in Stone Park, IL cost?

Median Sold Price

$222,500

$156/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$32,600(+17.2%)

Key Takeaway

Homes in Stone Park have sold for 17.2% more than they did a month ago.

Summary: The median home sold price in Stone Park was $222,500 in October 2024, up 17.2% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$115K
N/A
4 --
N/A
5+ $189.9K$330K
+73.8%

Summary: Stone Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 73.8%.

Housing Supply in Stone Park, IL

How many homes are available in Stone Park, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811+37.5%

Summary: The Stone Park real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 24
+100.0%
4 12
+100.0%
5+ 55
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stone Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Stone Park in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Stone Park, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
7 Days174 Days+2385.7%

Summary: Homes in Stone Park had an average of 174 days on market in Oct 2024, up by 2385.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Stone Park; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Stone Park, IL

Nearby Markets to Stone Park, IL

What housing markets are near Stone Park, IL?