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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odell is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Odell, IL

How much do homes in Odell, IL cost?

Median Sold Price

$120,000

$84/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$45,100(+60.2%)

Key Takeaway

Homes in Odell have sold for 60.2% more than they did a month ago.

Summary: The median home sold price in Odell was $120,000 in February 2024, up 60.2% from last month, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$120K
N/A
3 --
N/A
4 --
N/A
5+ $74.9K-
N/A

Summary: Odell housing prices by bedroom type for February 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Odell
+60.2%
Odell Township
+60.2%

Housing Supply in Odell, IL

How many homes are available in Odell, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
35+66.7%

Summary: The Odell real estate market had 5 homes for sale in February 2024, a 66.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 00
0.0%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Odell housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 1 homes were sold or pending in Odell in February 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Odell, IL

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

Average Sale Time

Jan 2024Feb 2024CHANGE
221 Days3 Days-98.6%

Summary: Homes in Odell had an average of 3 days on market in Feb 2024, down by 98.6% compared to last month.

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

Summary: During February 2024, 1 homes were sold in Odell; 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 28 Days Ago

Newest Listings in Odell, IL

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