Is Tolono Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Tolono Township was a Seller's Market.
Housing Prices in Tolono Township, IL
How much do homes in Tolono Township, IL cost?
Median Sold Price
$380,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tolono Township was $380,000 in May 2024, up 32.2% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $134K | $125K | -6.7% |
3 Bedrooms | $252.5K | $381K | +50.9% |
4 Bedrooms | $410K | $415K | +1.2% |
5+ Bedrooms | $320K | $450K | +40.6% |
Summary: Tolono 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 decreased by 6.7%, 3 bedroom homes increased by 50.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 40.6%.
Median Sold Price Compared To Nearby Cities
Tolono Township | $287.5K | $380K | +32.2% |
Tolono | $167K | $199.7K | +19.6% |
Savoy | $350K | $375K | +7.1% |
Housing Supply in Tolono Township, IL
How many homes are available in Tolono Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Summary: The Tolono Township real estate market had 28 homes for sale in May 2024, a 27.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tolono 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Tolono Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 48 Days | -11.3% |
Summary: Homes in Tolono Township had an average of 48 days on market in May 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Tolono Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.