Is Olio Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olio Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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

$127,000

$98/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$49,500(-28.0%)

Key Takeaway

Homes in Olio Township have sold for 28% less than they did a month ago.

Summary: The median home sold price in Olio Township was $127,000 in November 2024, down 28% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $169K$118K
-30.2%
4 $150K-
N/A
5+ $240K$335K
+39.6%

Summary: Olio Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 39.6%.

Median Sold Price Compared To Nearby Cities

Eureka
+52.7%
Palestine Township
-1.4%
Olio Township
-28.0%

Housing Supply in Olio Township, IL

How many homes are available in Olio Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
119-18.2%

Summary: The Olio Township real estate market had 9 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 42
-50.0%
4 45
+25.0%
5+ 21
-50.0%

Summary: The Olio Township housing inventory by bedroom type for November 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 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olio Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Olio Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 2024Nov 2024CHANGE
33 Days22 Days-33.8%

Summary: Homes in Olio Township had an average of 22 days on market in Nov 2024, down by 33.8% compared to last month.

Breakdown of Home Sale Times

2 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 Olio Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Olio Township; 67% of homes were sold within 30 days, 33% 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 17 Days Ago

Newest Listings in Olio Township, IL

Nearby Markets to Olio Township, IL