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 May 2023

At the same time last year, 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

$295,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,000(+1.7%)

Key Takeaway

Homes in Stone Park have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Stone Park was $295,000 in May 2024, up 1.7% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $235K$195K
-17.0%
3 $200K$230K
+15.0%
4 $425K$395K
-7.1%
5+ $295K$310K
+5.1%

Summary: Stone Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Northlake
+16.0%
Leyden Township
+8.9%
Proviso Township
+5.5%
Melrose Park
+3.4%
Stone Park
+1.7%

Housing Supply in Stone Park, IL

How many homes are available in Stone Park, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
119-18.2%

Summary: The Stone Park real estate market had 9 homes for sale in May 2024, a 18.2% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 42
-50.0%
5+ 11
0.0%

Summary: The Stone Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 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 May 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

May 2023May 2024CHANGE
6 Days48 Days+700.0%

Summary: Homes in Stone Park had an average of 48 days on market in May 2024, up by 700% 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 May 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 3 Days Ago

Newest Listings in Stone Park, IL

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