Is Orion Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Orion Township has remained a Seller's Market.
Key Takeaway
Orion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orion Township, IL
How much do homes in Orion Township, IL cost?
Median Sold Price
$202,000
$129/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Orion Township have sold for 26.4% more than they did a month ago.
Summary: The median home sold price in Orion Township was $202,000 in May 2024, up 26.4% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $182K | $150K | -17.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $137.5K | $401K | +191.6% |
Summary: Orion Township housing prices by bedroom type for May 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 decreased by 17.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 191.6%.
Housing Supply in Orion Township, IL
How many homes are available in Orion Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Orion Township real estate market had 8 homes for sale in May 2024, a 20.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Orion 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orion Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Orion Township in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Orion Township, IL
How long does it take to sell a home in Orion Township, IL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 46 Days | -28.4% |
Summary: Homes in Orion Township had an average of 46 days on market in May 2024, down by 28.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Orion Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Orion Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.