Is Volo, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Volo is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Volo, IL

How much do homes in Volo, IL cost?

Median Sold Price

$257,750

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$27,450(-9.6%)

Key Takeaway

Homes in Volo have sold for 9.6% less than they did a year ago.

Summary: The median home sold price in Volo was $257,750 in May 2024, down 9.6% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $205K$237K
+15.6%
3 $262.5K$251K
-4.4%
4 $371K$382K
+3.0%
5+ $447.5K-
N/A

Summary: Volo 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 15.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lakemoor
+14.4%
Fox Lake
+11.3%
Grant Township
+7.3%
Wauconda Township
+6.2%
Volo
-9.6%

Housing Supply in Volo, IL

How many homes are available in Volo, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2219-13.6%

Summary: The Volo real estate market had 19 homes for sale in May 2024, a 13.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 55
0.0%
3 95
-44.4%
4 67
+16.7%
5+ 22
0.0%

Summary: The Volo 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 remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Volo, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Volo in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for Volo, IL

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

Average Sale Time

May 2023May 2024CHANGE
6 Days15 Days+143.7%

Summary: Homes in Volo had an average of 15 days on market in May 2024, up by 143.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were 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 Volo are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Volo; 83% of homes were sold within 30 days, 17% 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 1 Day Ago

Newest Listings in Volo, IL

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