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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odell is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Odell, IL

How much do homes in Odell, IL cost?

Median Sold Price

$129,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$21,000(-14.0%)

Key Takeaway

Homes in Odell have sold for 14% less than they did a year ago.

Summary: The median home sold price in Odell was $129,000 in April 2024, down 14% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $152K$136K
-10.5%
3 $145.2K$132K
-9.1%
4 $159K$105K
-34.0%
5+ -$74.9K
N/A

Summary: Odell 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 10.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 34%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Odell
-14.0%
Odell Township
-15.1%

Housing Supply in Odell, IL

How many homes are available in Odell, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The Odell real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 03
+100.0%
4 31
-66.7%
5+ 00
0.0%

Summary: The Odell 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 increased by 100%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
31-66.7%

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 Odell, 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 Odell in April 2024, down by 66.7% 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 Odell, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
76 Days5 Days-93.4%

Summary: Homes in Odell had an average of 5 days on market in Apr 2024, down by 93.4% 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 Odell are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Odell; 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 28 Days Ago

Newest Listings in Odell, IL

Nearby Markets to Odell, IL