Is Tolono Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tolono Township was a Buyer's Market.
Housing Prices in Tolono Township, IL
How much do homes in Tolono Township, IL cost?
Median Sold Price
$379,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tolono Township was $379,000 in April 2024, up 31.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $131.5K | $125K | -4.9% |
3 Bedrooms | $265K | $378K | +42.6% |
4 Bedrooms | $400K | $415K | +3.8% |
5+ Bedrooms | $310K | $450K | +45.2% |
Summary: Tolono Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 42.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 45.2%.
Median Sold Price Compared To Nearby Cities
Tolono Township | $287.5K | $379K | +31.8% |
Savoy | $343K | $375K | +9.3% |
Housing Supply in Tolono Township, IL
How many homes are available in Tolono Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Summary: The Tolono Township real estate market had 22 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tolono Township 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Tolono Township in April 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 35 Days | -40.8% |
Summary: Homes in Tolono Township had an average of 35 days on market in Apr 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Tolono Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.