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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tolono Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Tolono Township, IL

How much do homes in Tolono Township, IL cost?

Median Sold Price

$379,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$89,500(+30.9%)

Key Takeaway

Homes in Tolono Township have sold for 30.9% more than they did a year ago.

Summary: The median home sold price in Tolono Township was $379,500 in March 2024, up 30.9% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $130K$125K
-3.8%
3 $270K$382K
+41.5%
4 $400K$415K
+3.8%
5+ $310K$450K
+45.2%

Summary: Tolono Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 45.2%.

Median Sold Price Compared To Nearby Cities

Tolono Township
+30.9%
Savoy
+7.9%

Housing Supply in Tolono Township, IL

How many homes are available in Tolono Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2120-4.8%

Summary: The Tolono Township real estate market had 20 homes for sale in March 2024, a 4.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1312
-7.7%
4 66
0.0%
5+ 00
0.0%

Summary: The Tolono Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tolono Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Tolono Township in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Tolono Township, IL

How long does it take to sell a home in Tolono Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days9 Days-81.8%

Summary: Homes in Tolono Township had an average of 9 days on market in Mar 2024, down by 81.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Tolono Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in Tolono Township, IL

Nearby Markets to Tolono Township, IL

What housing markets are near Tolono Township, IL?