Is Tolono, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tolono is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tolono was a Seller's Market.

Key Takeaway

Tolono is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tolono, IL

How much do homes in Tolono, IL cost?

Median Sold Price

$172,500

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$20,000(-10.4%)

Key Takeaway

Homes in Tolono have sold for 10.4% less than they did a year ago.

Summary: The median home sold price in Tolono was $172,500 in November 2024, down 10.4% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $122.5K$128.5K
+4.9%
3 $182.5K$177.7K
-2.6%
4 $250K$390K
+56.0%
5+ $214.9K-
N/A

Summary: Tolono 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 increased by 4.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 56%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tolono Township
+6.2%
Tolono
-10.4%

Housing Supply in Tolono, IL

How many homes are available in Tolono, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
68+33.3%

Summary: The Tolono real estate market had 8 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Tolono 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 increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 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 Tolono, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Tolono in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Tolono, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days3 Days-87.0%

Summary: Homes in Tolono had an average of 3 days on market in Nov 2024, down by 87% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Tolono; 100% of homes were sold within 30 days, 0% 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 Tolono, IL

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