Is Orland Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Orland Township has remained a Seller's Market.
Housing Prices in Orland Township, IL
How much do homes in Orland Township, IL cost?
Median Sold Price
$335,547
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Orland Township was $335,547 in June 2024, up 9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $156.5K | +7.9% |
2 Bedrooms | $237K | $250K | +5.5% |
3 Bedrooms | $334.8K | $360K | +7.5% |
4 Bedrooms | $450K | $461.5K | +2.6% |
5+ Bedrooms | $552.5K | $610K | +10.4% |
Summary: Orland Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
Tinley Park | $267.4K | $294.9K | +10.3% |
Orland Park | $320K | $350K | +9.4% |
Orland Township | $307.7K | $335.5K | +9.0% |
Palos Heights | $340K | $368.5K | +8.4% |
Orland Hills | $280K | $295K | +5.4% |
Housing Supply in Orland Township, IL
How many homes are available in Orland Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
382 | 425 | +11.3% |
Summary: The Orland Township real estate market had 425 homes for sale in June 2024, a 11.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 144 | 146 | +1.4% |
3 Bedrooms | 141 | 160 | +13.5% |
4 Bedrooms | 67 | 81 | +20.9% |
5+ Bedrooms | 28 | 37 | +32.1% |
Summary: The Orland Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 32.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
139 | 134 | -3.6% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Orland Township in June 2024, down by 3.6% month-over-month. Of the 134 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Orland Township, IL
How long does it take to sell a home in Orland Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 13 Days | -24.1% |
Summary: Homes in Orland Township had an average of 13 days on market in Jun 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
118 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 134 homes were sold in Orland Township; 88% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.