Is Orland Township, 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, Orland Township has remained a Seller's Market.
Housing Prices in Orland Township, IL
How much do homes in Orland Township, IL cost?
Median Sold Price
$330,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orland Township was $330,000 in April 2024, up 8.1% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $149.5K | +4.9% |
2 Bedrooms | $235K | $248.4K | +5.7% |
3 Bedrooms | $334.2K | $355K | +6.2% |
4 Bedrooms | $440K | $470K | +6.8% |
5+ Bedrooms | $550K | $600K | +9.1% |
Summary: Orland Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Tinley Park | $262.6K | $292.8K | +11.5% |
Orland Park | $320K | $349.9K | +9.4% |
Orland Township | $305.4K | $330K | +8.1% |
Palos Heights | $334.9K | $361K | +7.8% |
Orland Hills | $280K | $290K | +3.6% |
Housing Supply in Orland Township, IL
How many homes are available in Orland Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
290 | 317 | +9.3% |
Summary: The Orland Township real estate market had 317 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 107 | 111 | +3.7% |
3 Bedrooms | 110 | 121 | +10.0% |
4 Bedrooms | 51 | 55 | +7.8% |
5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The Orland Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
114 | 82 | -28.1% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Orland Township in April 2024, down by 28.1% month-over-month. Of the 82 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% were sold over asking.
Days on Market for Orland Township, IL
How long does it take to sell a home in Orland Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 16 Days | -18.7% |
Summary: Homes in Orland Township had an average of 16 days on market in Apr 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 82 homes were sold in Orland Township; 90% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.