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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gifford is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Gifford, IL

How much do homes in Gifford, IL cost?

Median Sold Price

$48,000

$96/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$187,000(-79.6%)

Key Takeaway

Homes in Gifford have sold for 79.6% less than they did a month ago.

Summary: The median home sold price in Gifford was $48,000 in September 2024, down 79.6% from last month, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$48K
N/A
2 $235K-
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Gifford housing prices by bedroom type for September 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 Cities

Gifford
-79.6%
Compromise Township
-79.6%

Housing Supply in Gifford, IL

How many homes are available in Gifford, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
330.0%

Summary: The Gifford real estate market had 3 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 01
+100.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Gifford housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Gifford, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Gifford in September 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gifford, IL

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

Average Sale Time

Aug 2024Sep 2024CHANGE
212 Days95 Days-55.2%

Summary: Homes in Gifford had an average of 95 days on market in Sep 2024, down by 55.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Gifford are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 1 homes were sold in Gifford; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 Gifford, IL

Nearby Markets to Gifford, IL