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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orvil Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Orvil Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Orvil Township, IL

How much do homes in Orvil Township, IL cost?

Median Sold Price

$110,000

$67/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$115,000(-51.1%)

Key Takeaway

Homes in Orvil Township have sold for 51.1% less than they did a month ago.

Summary: The median home sold price in Orvil Township was $110,000 in October 2024, down 51.1% from last month, and the median price per square foot was $67.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $225K$90.5K
-59.8%
4 -$150K
N/A
5+ --
N/A

Summary: Orvil Township housing prices by bedroom type for October 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 59.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Orvil Township, IL

How many homes are available in Orvil Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
87-12.5%

Summary: The Orvil Township real estate market had 7 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 22
0.0%
5+ 22
0.0%

Summary: The Orvil 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orvil 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 Orvil Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Orvil Township, IL

How long does it take to sell a home in Orvil Township, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
8 Days32 Days+300.0%

Summary: Homes in Orvil Township had an average of 32 days on market in Oct 2024, up by 300% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Orvil Township has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Orvil Township; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

Newest Listings in Orvil Township, IL

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