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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orland Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Orland Township has remained a Seller's Market.

Key Takeaway

Orland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Orland Township, IL

How much do homes in Orland Township, IL cost?

Median Sold Price

$339,973

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,033(+5.9%)

Key Takeaway

Homes in Orland Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Orland Township was $339,973 in November 2024, up 5.9% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $148K$166K
+12.2%
2 $243.9K$255.4K
+4.7%
3 $349K$365K
+4.6%
4 $450K$488.4K
+8.5%
5+ $585K$600K
+2.6%

Summary: Orland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Orland Hills
+16.7%
Tinley Park
+6.3%
Palos Heights
+6.1%
Orland Township
+5.9%
Orland Park
+4.6%

Housing Supply in Orland Township, IL

How many homes are available in Orland Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
401382-4.7%

Summary: The Orland Township real estate market had 382 homes for sale in November 2024, a 4.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 137124
-9.5%
3 165152
-7.9%
4 6171
+16.4%
5+ 3433
-2.9%

Summary: The Orland Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 2.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
132104-21.2%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orland Township, you may be able to get a good deal. 49% of homes here sold below asking price last month.

Summary: A total of 104 homes were sold or pending in Orland Township in November 2024, down by 21.2% month-over-month. Of the 104 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% 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

Nov 2023Nov 2024CHANGE
18 Days24 Days+26.6%

Summary: Homes in Orland Township had an average of 24 days on market in Nov 2024, up by 26.6% compared to last year.

Breakdown of Home Sale Times

76 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orland Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 104 homes were sold in Orland Township; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% 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 Orland Township, IL

Nearby Markets to Orland Township, IL

What housing markets are near Orland Township, IL?