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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Volo is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Volo, IL

How much do homes in Volo, IL cost?

Median Sold Price

$315,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$58,625(+22.9%)

Key Takeaway

Homes in Volo have sold for 22.9% more than they did a year ago.

Summary: The median home sold price in Volo was $315,000 in October 2024, up 22.9% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $237K$237K
0.0%
3 $243.7K$285K
+16.9%
4 $375K$378.5K
+0.9%
5+ $435.2K$409.5K
-5.9%

Summary: Volo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

Volo
+22.9%
Lakemoor
+16.5%
Fox Lake
+4.8%
Wauconda Township
+4.7%
Grant Township
+4.5%

Housing Supply in Volo, IL

How many homes are available in Volo, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2523-8.0%

Summary: The Volo real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 118
-27.3%
4 1110
-9.1%
5+ 11
0.0%

Summary: The Volo 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 increased by 100%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Volo, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Volo in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Volo, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days9 Days-27.8%

Summary: Homes in Volo had an average of 9 days on market in Oct 2024, down by 27.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were 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 Volo are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Volo; 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 16 Days Ago

Newest Listings in Volo, IL

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