Is Stone Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stone Park is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Stone Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Stone Park, IL

How much do homes in Stone Park, IL cost?

Median Sold Price

$285,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$5,000(-1.7%)

Key Takeaway

Homes in Stone Park have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Stone Park was $285,000 in August 2024, down 1.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 -$206.5K
N/A
3 $230K$230K
0.0%
4 $387.2K$315K
-18.7%
5+ $344K$310K
-9.9%

Summary: Stone Park housing prices by bedroom type for August 2024 compared to the previous year: 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 decreased by 18.7%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Northlake
+9.8%
Leyden Township
+8.3%
Proviso Township
+6.7%
Melrose Park
+4.5%
Stone Park
-1.7%

Housing Supply in Stone Park, IL

How many homes are available in Stone Park, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
119-18.2%

Summary: The Stone Park real estate market had 9 homes for sale in August 2024, a 18.2% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 44
0.0%
4 32
-33.3%
5+ 33
0.0%

Summary: The Stone Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stone Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Stone Park in August 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Stone Park, IL

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

Average Sale Time

Aug 2023Aug 2024CHANGE
26 Days35 Days+36.5%

Summary: Homes in Stone Park had an average of 35 days on market in Aug 2024, up by 36.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 2 homes were sold in Stone Park; 50% of homes were sold within 30 days, 50% 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 Stone Park, IL

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