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 November 2023

At the same time last year, Stone Park was a Neutral 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

$237,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$56,000(-19.1%)

Key Takeaway

Homes in Stone Park have sold for 19.1% less than they did a year ago.

Summary: The median home sold price in Stone Park was $237,000 in November 2024, down 19.1% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$206.5K
N/A
3 $230K$210K
-8.7%
4 $427.5K$270K
-36.8%
5+ $322K$277.5K
-13.8%

Summary: Stone Park 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 decreased by 8.7%, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes decreased by 13.8%.

Median Sold Price Compared To Nearby Cities

Proviso Township
+10.5%
Leyden Township
+6.5%
Melrose Park
+6.4%
Northlake
0.2%
Stone Park
-19.1%

Housing Supply in Stone Park, IL

How many homes are available in Stone Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The Stone Park real estate market had 11 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 44
0.0%
4 22
0.0%
5+ 53
-40.0%

Summary: The Stone Park 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 remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were 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 Stone Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Stone Park in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
15 Days34 Days+126.7%

Summary: Homes in Stone Park had an average of 34 days on market in Nov 2024, up by 126.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During November 2024, 2 homes were sold in Stone Park; 50% of homes were sold within 30 days, 50% 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 Stone Park, IL

Nearby Markets to Stone Park, IL

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