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 2023

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.

Housing Prices in Orland Township, IL

How much do homes in Orland Township, IL cost?

Median Sold Price

$339,961

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,915(+7.9%)

Key Takeaway

Homes in Orland Township have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Orland Township was $339,961 in September 2024, up 7.9% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $140K$165K
+17.9%
2 $240K$255K
+6.3%
3 $339.9K$364.6K
+7.2%
4 $460K$471.2K
+2.4%
5+ $555K$600K
+8.1%

Summary: Orland Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Orland Hills
+13.8%
Orland Township
+7.9%
Tinley Park
+7.9%
Orland Park
+7.4%
Palos Heights
+5.6%

Housing Supply in Orland Township, IL

How many homes are available in Orland Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
376418+11.2%

Summary: The Orland Township real estate market had 418 homes for sale in September 2024, a 11.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 118129
+9.3%
3 162179
+10.5%
4 7076
+8.6%
5+ 2532
+28.0%

Summary: The Orland Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 28%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12084-30.0%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

21 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. 59.5% of homes here sold below asking price last month.

Summary: A total of 84 homes were sold or pending in Orland Township in September 2024, down by 30.0% month-over-month. Of the 84 sold homes, 60% were sold under asking, 15% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
17 Days19 Days+7.6%

Summary: Homes in Orland Township had an average of 19 days on market in Sep 2024, up by 7.6% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During September 2024, 84 homes were sold in Orland Township; 79% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 1% 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 30 Days Ago

Newest Listings in Orland Township, IL

Nearby Markets to Orland Township, IL

What housing markets are near Orland Township, IL?