Is Volo, 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, Volo has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $237K | +15.6% |
3 Bedrooms | $262.5K | $251K | -4.4% |
4 Bedrooms | $371K | $382K | +3.0% |
5+ Bedrooms | $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 | $218.4K | $250K | +14.4% |
Fox Lake | $206.6K | $230K | +11.3% |
Grant Township | $245K | $262.8K | +7.3% |
Wauconda Township | $292K | $310K | +6.2% |
Volo | $285.2K | $257.7K | -9.6% |
Housing Supply in Volo, IL
How many homes are available in Volo, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 19 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 9 | 5 | -44.4% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 2 | 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 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 15 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
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.