$2,671 Closing Credit*
$224,900
2,300 SqFt
4 Beds
•1 Full Bath, 1 Partial
Sarah Knickerbocker, Listing Office: RE/MAX Traders Unlimited
Is Olio Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Olio Township has remained a Seller's Market.
Key Takeaway
Olio Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olio Township, IL
How much do homes in Olio Township, IL cost?
Median Sold Price
$175,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,005(+10.1%)
Key Takeaway
Homes in Olio Township have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Olio Township was $175,000 in October 2024, up 10.1% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $58K | N/A |
| 2 Bedrooms | $135.5K | $116.5K | -14.0% |
| 3 Bedrooms | $163.5K | $196.5K | +20.2% |
| 4 Bedrooms | $179.2K | $179.3K | 0.1% |
| 5+ Bedrooms | $182.2K | $237.5K | +30.3% |
Summary: Olio Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Cities
| Palestine Township | $205K | $249.9K | +21.9% |
| Eureka | $170K | $199.9K | +17.6% |
| Olio Township | $158.9K | $175K | +10.1% |
| Montgomery Township | $275K | $290K | +5.5% |
Housing Supply in Olio Township, IL
How many homes are available in Olio Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Olio Township real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Olio Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olio Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Olio Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Olio Township, IL
How long does it take to sell a home in Olio Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 33 Days | +360.2% |
Summary: Homes in Olio Township had an average of 33 days on market in Oct 2024, up by 360.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Olio Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Olio Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
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