Is Staunton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Staunton has remained a Seller's Market.
Key Takeaway
Staunton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Staunton, IL
How much do homes in Staunton, IL cost?
Median Sold Price
$135,500
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Staunton have sold for 23.2% more than they did a year ago.
Summary: The median home sold price in Staunton was $135,500 in March 2024, up 23.2% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42.5K | $50K | +17.6% |
| 2 Bedrooms | $67K | $97.4K | +45.4% |
| 3 Bedrooms | $126K | $130K | +3.2% |
| 4 Bedrooms | $203K | $234.5K | +15.5% |
| 5+ Bedrooms | $165K | $225K | +36.4% |
Summary: Staunton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 45.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Cities
| Staunton | $110K | $135.5K | +23.2% |
| Staunton Township | $111K | $135.5K | +22.1% |
Housing Supply in Staunton, IL
How many homes are available in Staunton, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The Staunton real estate market had 29 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Staunton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Staunton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Staunton in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Staunton, IL
How long does it take to sell a home in Staunton, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 76 Days | +122.3% |
Summary: Homes in Staunton had an average of 76 days on market in Mar 2024, up by 122.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Staunton has remained consistent over time.
Summary: During March 2024, 8 homes were sold in Staunton; 0% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.