Is Stanford, IL 61774 a buyer’s or seller’s market?
Stanford is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Stanford housing market right now
In the three months ending August 31, 2026, 25% of homes in Stanford, IL 61774 sold above their list price, the typical home went under contract in 30 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold faster (48 days then) and the median sale price rose 8% to $167,927. Overall, Stanford is more competitive than a year ago, so tougher for buyers.
Within McLean County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in 62%.
Nearby, buyers who want less competition could look at Towanda 61776 (0% sold over asking) or Mc Lean 61754 (0% sold over asking), while Arrowsmith 61722 (100% sold over asking) and Shirley 61772 (100% sold over asking) are even more competitive.
Run the numbers for 61774
Nearby markets
Anchor 61720 $124 /sq ftArrowsmith 61722Seller’s market $114 /sq ftBellflower 61724Seller’s market $182 /sq ftBloomington 61701Seller’s market $114 /sq ft Browse all markets →Where Stanford is
Loading map…
Questions about Stanford real estate
Is Stanford a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Stanford, IL 61774 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Stanford?
The typical home went under contract in 30 days in the latest three months.
Do homes in Stanford sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Stanford?
About 2.17% of a home’s value a year in McLean County, or roughly $8,680 on a $400,000 home.
What is the median home price in Stanford?
The median sale price was $167,927 in the three months ending August 31, 2026, about $114 per square foot.
Local agents
See all agents in 61774 →No sponsored agents in 61774 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 61774
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology