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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tolono Township is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Tolono Township, IL

How much do homes in Tolono Township, IL cost?

Median Sold Price

$363,750

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,250(+6.2%)

Key Takeaway

Homes in Tolono Township have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Tolono Township was $363,750 in November 2024, up 6.2% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $122.5K$132K
+7.8%
3 $377K$340K
-9.8%
4 $370.7K$455K
+22.7%
5+ $450K$255K
-43.3%

Summary: Tolono 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 increased by 7.8%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 43.3%.

Median Sold Price Compared To Nearby Cities

Tolono Township
+6.2%
Savoy
-3.3%
Tolono
-10.4%

Housing Supply in Tolono Township, IL

How many homes are available in Tolono Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
23230.0%

Summary: The Tolono Township real estate market had 23 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 11
0.0%
3 1010
0.0%
4 1111
0.0%
5+ 11
0.0%

Summary: The Tolono 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
51-80.0%

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 - buyer100%

Key Takeaway

If you're buying a home in Tolono Township, 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 Township in November 2024, down by 80.0% month-over-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 Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days3 Days-85.2%

Summary: Homes in Tolono Township had an average of 3 days on market in Nov 2024, down by 85.2% 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 Times100%

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Tolono Township; 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 18 Days Ago

Newest Listings in Tolono Township, IL

Nearby Markets to Tolono Township, IL

What housing markets are near Tolono Township, IL?