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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olio Township is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Olio Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Olio Township, IL

How much do homes in Olio Township, IL cost?

Median Sold Price

$168,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,000(+28.2%)

Key Takeaway

Homes in Olio Township have sold for 28.2% more than they did a year ago.

Summary: The median home sold price in Olio Township was $168,000 in May 2024, up 28.2% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$58K
N/A
2 $109.5K$141K
+28.8%
3 $134.9K$168.9K
+25.2%
4 $154.8K$175K
+13.0%
5+ -$229.5K
N/A

Summary: Olio Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Eureka
+28.5%
Olio Township
+28.2%
Montgomery Township
+3.7%

Housing Supply in Olio Township, IL

How many homes are available in Olio Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
67+16.7%

Summary: The Olio Township real estate market had 7 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 44
0.0%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Olio Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

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 Olio 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 Olio Township in May 2024, down by 66.7% 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 Olio Township, IL

We’re sorry, we don't have information for this market at the moment

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 Olio Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Olio 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 1 Day Ago

Newest Listings in Olio Township, IL

Nearby Markets to Olio Township, IL