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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orland Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Orland Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Orland Township, IL cost?

Median Sold Price

$305,539

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$22,985(+8.1%)

Key Takeaway

Homes in Orland Township have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $107.2K$141K
+31.5%
2 $195.7K$225K
+14.9%
3 $295.9K$335K
+13.2%
4 $404K$445K
+10.1%
5+ $514.9K$560K
+8.8%

Median Sold Price Compared To Nearby Cities

Orland Hills
+13.1%
Palos Heights
+13.1%
Tinley Park
+12.9%
Orland Township
+8.1%
Orland Park
+6.6%

How many homes are available in Orland Township, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
459468+2.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 56
+20.0%
2 163164
+0.6%
3 168166
-1.2%
4 8285
+3.7%
5+ 4147
+14.6%

Number of Homes Sold

Aug 2022Sep 2022%
146139-4.8%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orland Township, you may be able to get a good deal. 50.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days16 Days+17.1%

Breakdown of Home Sale Times

115 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orland Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Orland Township, IL

Orland Township, IL has 468 homes on the market. In September 2022 in Orland Township, IL there were 2% more homes for sale than in August 2022. The median list price of listings available in September 2022 was $305,539, while the average time on the real estate market was 16 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 31.5% more expensive, prices of 2 bedrooms properties went up by 14.9%, prices of 3 bedrooms properties went up by 13.2%, 4 bedrooms properties prices increased by 10.1%, 5 bedrooms properties prices increased by 8.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 20%, 2 bedrooms homes became 0.6% more available, volume of 3 bedrooms homes went down by 1.2%, 4 bedrooms homes became 3.7% more available, number of 5 bedrooms homes increased by 14.6%. While more than 51 listings in Orland Township, IL in September 2022 were sold above asking price, there were more than 18 listings sold at asking price, and more than 70 were sold below.

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