Is Orland Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$330,048
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orland Township was $330,048 in March 2024, up 7.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $148.5K | +6.1% |
2 Bedrooms | $234.1K | $249K | +6.4% |
3 Bedrooms | $335K | $355K | +6.0% |
4 Bedrooms | $450K | $460K | +2.2% |
5+ Bedrooms | $550K | $610K | +10.9% |
Summary: Orland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
Tinley Park | $262.4K | $290.1K | +10.6% |
Orland Park | $319.8K | $350K | +9.4% |
Palos Heights | $332K | $362.2K | +9.1% |
Orland Township | $306.1K | $330K | +7.8% |
Orland Hills | $280K | $290K | +3.6% |
Housing Supply in Orland Township, IL
How many homes are available in Orland Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
266 | 304 | +14.3% |
Summary: The Orland Township real estate market had 304 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 104 | 110 | +5.8% |
3 Bedrooms | 103 | 117 | +13.6% |
4 Bedrooms | 43 | 53 | +23.3% |
5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Orland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 107 | +46.6% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in Orland Township in March 2024, up by 46.6% month-over-month. Of the 107 sold homes, 42% were sold under asking, 21% were sold at asking, and 36% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 20 Days | -6.2% |
Summary: Homes in Orland Township had an average of 20 days on market in Mar 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 107 homes were sold in Orland Township; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.