Call or Text (240) SELL-123

OLNEY, IL 62450

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The OLNEY, IL real estate market (62450) currently shows 34 active listings, with 11 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 47 days on market compared to 53 days last year.

The median listing price has risen 52.7% year-over-year, from $135,600 to $207,075.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for OLNEY, IL 62450 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 12,327  ·  Density: 30.3/mi²  ·  Median household income: $62,033

Typical home value: $109,958  ·  Homeownership: 69.5%

Market Overview

Active Listings
34
⇧ 47.8% vs 23 last year
Pending
11
32% pending ratio
Median Price
$207,075
⇧ 52.7% vs $135,600 last year
Average Price
$215,938
⇩ 16.4% vs $258,401 last year
Days on Market
47
⇩ 11.3% vs 53 days last year

Price Per Square Foot

Median $/sqft
$93
⇩ 5.1% vs $98/sqft last year
Median Home Size
1,963 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 23 last year
  • Days on market: 47 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $207,075 (+52.7% YoY)
  • Average: $215,938 (-16.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 31.0 miles — 133 listings ($27,024,872 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62450Olney, IL 624500.0 mi25$8,902,700$112,450$356,108
62466Sumner, IL 6246612.9 mi7$1,747,767$288,650$249,681
62824Clay City, IL 6282414.3 mi3$320,538$87,425$106,846
62417Bridgeport, IL 6241717.3 mi3$450,750$150,250$150,250
62449Oblong, IL 6244922.2 mi6$1,160,400$189,950$193,400
62460Saint Francisville, IL 6246022.4 mi1$127,500$127,500$127,500
62858Louisville, IL 6285822.9 mi4$462,000$102,000$115,500
62410Allendale, IL 6241023.2 mi3$329,700$109,900$109,900
62863Mount Carmel, IL 6286324.2 mi22$4,295,390$139,900$195,245
62427Flat Rock, IL 6242725.5 mi1$239,000$239,000$239,000
62833Ellery, IL 6283326.1 mi1$215,000$215,000$215,000
62837Fairfield, IL 6283728.2 mi55$8,638,795$134,750$157,069
62850Johnsonville, IL 6285031.0 mi2$135,332$67,666$67,666

Frequently Asked Questions

How many homes are for sale in OLNEY, IL 62450?

As of September 2026, there are 34 active listings in OLNEY, IL (zip code 62450), compared to 23 the prior year.

What is the median home price in OLNEY, IL 62450?

The median listing price in OLNEY, IL 62450 is $207,075 as of September 2026, a 52.7% increase from $135,600 the prior year.

How long do homes stay on the market in OLNEY, IL?

Homes in OLNEY, IL 62450 spend an average of 47 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in OLNEY, IL 62450?

Based on current inventory and days-on-market data as of September 2026, OLNEY, IL 62450 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 47 days on market compared to 53 days last year.

How much can I save on real estate commission in OLNEY, IL?

With SELL123.com's maximum 3% commission, sellers in OLNEY, IL 62450 save an estimated $4,142 compared to a typical 5% commission on the median listing price of $207,075. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.