Is Ford County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ford County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Ford County was a Seller's Market.

Key Takeaway

Ford County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ford County, IL

How much do homes in Ford County, IL cost?

Median Sold Price

$130,000

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,050(+8.4%)

Key Takeaway

Homes in Ford County have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Ford County was $130,000 in March 2024, up 8.4% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $55K$56.5K
+2.7%
2 $72.5K$91.5K
+26.2%
3 $134.9K$140.2K
+4.0%
4 $167.2K$155K
-7.3%
5+ $197.5K$195K
-1.3%

Summary: Ford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Counties

McLean County
+12.5%
Champaign County
+11.0%
Ford County
+8.4%
Iroquois County
+2.3%
Livingston County
+1.8%

Housing Supply in Ford County, IL

How many homes are available in Ford County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4855+14.6%

Summary: The Ford County real estate market had 55 homes for sale in March 2024, a 14.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 3031
+3.3%
4 814
+75.0%
5+ 43
-25.0%

Summary: The Ford County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
135-61.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ford County, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Ford County in March 2024, down by 61.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Ford County, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
121 Days40 Days-66.3%

Summary: Homes in Ford County had an average of 40 days on market in Mar 2024, down by 66.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 5 homes were sold in Ford County; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 23 Days Ago

Newest Listings in Ford County, IL

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