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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tolono is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Tolono, IL

How much do homes in Tolono, IL cost?

Median Sold Price

$161,000

$116/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$27,000(+20.1%)

Key Takeaway

Homes in Tolono have sold for 20.1% more than they did a month ago.

Summary: The median home sold price in Tolono was $161,000 in April 2024, up 20.1% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $125K-
N/A
3 $140K$161K
+15.0%
4 --
N/A
5+ --
N/A

Summary: Tolono housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Tolono, IL

How many homes are available in Tolono, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
75-28.6%

Summary: The Tolono real estate market had 5 homes for sale in April 2024, a 28.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 53
-40.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Tolono housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 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 Tolono, 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 Tolono in April 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 Tolono, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
9 Days52 Days+477.8%

Summary: Homes in Tolono had an average of 52 days on market in Apr 2024, up by 477.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tolono has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Tolono; 0% of homes were sold within 30 days, 100% 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 28 Days Ago

Newest Listings in Tolono, IL

Nearby Markets to Tolono, IL

What housing markets are near Tolono, IL?