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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odell Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Odell Township, IL

How much do homes in Odell Township, IL cost?

Median Sold Price

$105,000

$60/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$15,000(-12.5%)

Key Takeaway

Homes in Odell Township have sold for 12.5% less than they did a month ago.

Summary: The median home sold price in Odell Township was $105,000 in March 2024, down 12.5% from last month, and the median price per square foot was $60.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $120K$152K
+26.7%
3 --
N/A
4 -$94K
N/A
5+ --
N/A

Summary: Odell Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 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 Township
-12.5%
Odell
-12.5%

Housing Supply in Odell Township, IL

How many homes are available in Odell Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
550.0%

Summary: The Odell Township real estate market had 5 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 00
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Odell Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Odell Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Odell Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Odell Township, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
3 Days14 Days+388.9%

Summary: Homes in Odell Township had an average of 14 days on market in Mar 2024, up by 388.9% compared to last month.

Breakdown of Home Sale Times

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

Summary: During March 2024, 3 homes were sold in Odell 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 23 Days Ago

Newest Listings in Odell Township, IL

Nearby Markets to Odell Township, IL

What housing markets are near Odell Township, IL?