$1,364 Closing Credit*
$114,900
4 Beds
•1 Full Bath
Listing Office: American Realty Group
Is Olive 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, Olive Township has remained a Seller's Market.
Key Takeaway
Olive Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olive Township, IL
How much do homes in Olive Township, IL cost?
Median Sold Price
$127,005
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,005(+44.3%)
Key Takeaway
Homes in Olive Township have sold for 44.3% more than they did a year ago.
Summary: The median home sold price in Olive Township was $127,005 in October 2024, up 44.3% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.7K | - | N/A |
| 2 Bedrooms | $88K | $82.9K | -5.8% |
| 3 Bedrooms | $132.5K | $187.2K | +41.3% |
| 4 Bedrooms | $96.2K | $425.2K | +341.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Olive 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 5.8%, 3 bedroom homes increased by 41.3%, 4 bedroom homes increased by 341.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Olive Township | $88K | $127K | +44.3% |
| Staunton | $120K | $143.5K | +19.6% |
| Staunton Township | $120K | $143.5K | +19.6% |
Housing Supply in Olive Township, IL
How many homes are available in Olive Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Olive Township real estate market had 6 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Olive 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 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Olive Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Olive Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Olive Township, IL
How long does it take to sell a home in Olive Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 19 Days | -62.0% |
Summary: Homes in Olive Township had an average of 19 days on market in Oct 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olive Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Olive Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.