Is Stony Island Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Stony Island Park has remained a Buyer's Market.
Key Takeaway
Stony Island Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Stony Island Park, IL
How much do homes in Stony Island Park, IL cost?
Median Sold Price
$167,500
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Stony Island Park have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Stony Island Park was $167,500 in April 2024, down 9.5% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $137.9K | $81.8K | -40.7% |
| 3 Bedrooms | $222.4K | $200K | -10.1% |
| 4 Bedrooms | $214.5K | $123.2K | -42.5% |
| 5+ Bedrooms | $430K | $285K | -33.7% |
Summary: Stony Island Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.7%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 42.5%, and 5+ bedroom homes decreased by 33.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Avalon Park | $186.5K | $190K | +1.9% |
| Far Southeast Side | $174.9K | $176.3K | +0.8% |
| Stony Island Park | $185K | $167.5K | -9.5% |
Housing Supply in Stony Island Park, IL
How many homes are available in Stony Island Park, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Stony Island Park real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Stony Island Park 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Stony Island Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Stony Island Park in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Stony Island Park, IL
How long does it take to sell a home in Stony Island Park, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 79 Days | +25.4% |
Summary: Homes in Stony Island Park had an average of 79 days on market in Apr 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Stony Island Park has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Stony Island Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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