Is Olin, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olin is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Olin has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Olin, IA

How much do homes in Olin, IA cost?

Median Sold Price

$199,500

$94/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$64,500(+47.8%)

Key Takeaway

Homes in Olin have sold for 47.8% more than they did a month ago.

Summary: The median home sold price in Olin was $199,500 in April 2024, up 47.8% from last month, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $135K$159K
+17.8%
4 -$240K
N/A
5+ --
N/A

Summary: Olin housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Olin
+47.8%
Rome Township
+47.8%

Housing Supply in Olin, IA

How many homes are available in Olin, IA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
330.0%

Summary: The Olin real estate market had 3 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 11
0.0%
5+ 01
+100.0%

Summary: The Olin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olin, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Olin in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Olin, IA

How long does it take to sell a home in Olin, IA?

Average Sale Time

Mar 2024Apr 2024CHANGE
13 Days6 Days-53.8%

Summary: Homes in Olin had an average of 6 days on market in Apr 2024, down by 53.8% compared to last month.

Breakdown of Home Sale Times

2 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 Olin are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Olin; 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 13 Days Ago

Newest Listings in Olin, IA

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