Is Fords, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fords is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fords has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fords, IL

How much do homes in Fords, IL cost?

Median Sold Price

$250,000

$227/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$55,500(+28.5%)

Key Takeaway

Homes in Fords have sold for 28.5% more than they did a month ago.

Summary: The median home sold price in Fords was $250,000 in April 2024, up 28.5% from last month, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$250K
N/A
3 $223K-
N/A
4 $166K-
N/A
5+ --
N/A

Summary: Fords housing prices by bedroom type for April 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 did not change.

Median Sold Price Compared To Nearby Neighborhoods

Fords
+28.5%
Lake Lawn
+10.3%
Lakelawn
+10.3%

Housing Supply in Fords, IL

How many homes are available in Fords, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The Fords real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Fords housing inventory by bedroom type for April 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were 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 Fords, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Fords in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Fords, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
13 Days4 Days-69.2%

Summary: Homes in Fords had an average of 4 days on market in Apr 2024, down by 69.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Fords; 100% of homes were sold within 30 days, 0% 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 6 Days Ago

Newest Listings in Fords, IL

Nearby Markets to Fords, IL