Is Volo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Volo has remained a Seller's Market.
Housing Prices in Volo, IL
How much do homes in Volo, IL cost?
Median Sold Price
$255,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Volo was $255,000 in April 2024, down 11.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $203K | $237.5K | +17.0% |
3 Bedrooms | $262.5K | $247.5K | -5.7% |
4 Bedrooms | $375K | $373.5K | -0.4% |
5+ Bedrooms | $425K | $510K | +20.0% |
Summary: Volo 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 increased by 17%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
Lakemoor | $215K | $249.4K | +16.0% |
Grant Township | $245.4K | $260K | +5.9% |
Wauconda Township | $290K | $303K | +4.5% |
Fox Lake | $217.4K | $225K | +3.5% |
Volo | $286.7K | $255K | -11.1% |
Housing Supply in Volo, IL
How many homes are available in Volo, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Summary: The Volo real estate market had 21 homes for sale in April 2024, a 40.0% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Volo 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 increased by 20%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 7 | +600.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Volo in April 2024, up by 600.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 7 Days | -22.5% |
Summary: Homes in Volo had an average of 7 days on market in Apr 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 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.