Is Volo, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Volo is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Volo was a Seller's Market.

Key Takeaway

Volo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Volo, IL

How much do homes in Volo, IL cost?

Median Sold Price

$259,900

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$25,300(-8.9%)

Key Takeaway

Homes in Volo have sold for 8.9% less than they did a year ago.

Summary: The median home sold price in Volo was $259,900 in March 2024, down 8.9% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $192.5K$237K
+23.1%
3 $262.5K$253K
-3.6%
4 $375K$369.5K
-1.5%
5+ $404K$510K
+26.2%

Summary: Volo 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 increased by 23.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 26.2%.

Median Sold Price Compared To Nearby Cities

Lakemoor
+12.3%
Grant Township
+8.8%
Fox Lake
+7.3%
Wauconda Township
+6.3%
Volo
-8.9%

Housing Supply in Volo, IL

How many homes are available in Volo, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1114+27.3%

Summary: The Volo real estate market had 14 homes for sale in March 2024, a 27.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 55
0.0%
4 14
+300.0%
5+ 11
0.0%

Summary: The Volo 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 remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Volo, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Volo in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Volo, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
6 Days4 Days-36.4%

Summary: Homes in Volo had an average of 4 days on market in Mar 2024, down by 36.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Volo are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Volo; 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 Volo, IL

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What housing markets are near Volo, IL?