Is Ford County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ford County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $56.5K | +2.7% |
2 Bedrooms | $72.5K | $91.5K | +26.2% |
3 Bedrooms | $134.9K | $140.2K | +4.0% |
4 Bedrooms | $167.2K | $155K | -7.3% |
5+ Bedrooms | $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 | $205.6K | $231.3K | +12.5% |
Champaign County | $189.5K | $210.3K | +11.0% |
Ford County | $119.9K | $130K | +8.4% |
Iroquois County | $124K | $126.9K | +2.3% |
Livingston County | $130K | $132.3K | +1.8% |
Housing Supply in Ford County, IL
How many homes are available in Ford County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 55 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 30 | 31 | +3.3% |
4 Bedrooms | 8 | 14 | +75.0% |
5+ Bedrooms | 4 | 3 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 5 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
121 Days | 40 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
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.