Is Volo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Volo was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $192.5K | $237K | +23.1% |
3 Bedrooms | $262.5K | $253K | -3.6% |
4 Bedrooms | $375K | $369.5K | -1.5% |
5+ Bedrooms | $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 | $212K | $238K | +12.3% |
Grant Township | $239.9K | $261.1K | +8.8% |
Fox Lake | $210K | $225.2K | +7.3% |
Wauconda Township | $290K | $308.3K | +6.3% |
Volo | $285.2K | $259.9K | -8.9% |
Housing Supply in Volo, IL
How many homes are available in Volo, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 1 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 4 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
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.