Is Staunton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$138,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Staunton have sold for 19.1% more than they did a year ago.
Summary: The median home sold price in Staunton was $138,000 in May 2024, up 19.1% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $67K | $109K | +62.7% |
| 3 Bedrooms | $127K | $140.5K | +10.6% |
| 4 Bedrooms | $221K | $229K | +3.6% |
| 5+ Bedrooms | $267K | $212.5K | -20.4% |
Summary: Staunton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Staunton | $115.9K | $138K | +19.1% |
| Staunton Township | $115.9K | $138K | +19.1% |
| Omphghent Township | $300K | $289K | -3.7% |
Housing Supply in Staunton, IL
How many homes are available in Staunton, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The Staunton real estate market had 28 homes for sale in May 2024, a 3.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Staunton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Staunton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Staunton in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 46 Days | -16.3% |
Summary: Homes in Staunton had an average of 46 days on market in May 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Staunton has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Staunton; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.