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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olive Township is a seller's market

Buyer's
Market

Difference Since November 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

$143,111

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,111(+37.6%)

Key Takeaway

Homes in Olive Township have sold for 37.6% more than they did a year ago.

Summary: The median home sold price in Olive Township was $143,111 in November 2024, up 37.6% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $45.7K-
N/A
2 $88K$85.2K
-3.2%
3 $140K$262.2K
+87.3%
4 $96.2K$425.2K
+341.8%
5+ --
N/A

Summary: Olive Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 87.3%, 4 bedroom homes increased by 341.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Olive Township
+37.6%
Staunton
+18.7%
Staunton Township
+18.7%

Housing Supply in Olive Township, IL

How many homes are available in Olive Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
660.0%

Summary: The Olive Township real estate market had 6 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Olive 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 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 November 2024, the same as the previous 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

Nov 2023Nov 2024CHANGE
60 Days36 Days-40.0%

Summary: Homes in Olive Township had an average of 36 days on market in Nov 2024, down by 40% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Olive Township has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Olive Township; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in Olive Township, IL

Nearby Markets to Olive Township, IL

What housing markets are near Olive Township, IL?