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OLNEY, IL 62450

Real Estate Market Report  ·  Richland County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
23
⇩ 14.8% vs 27 last year
Pending
7
30% pending ratio
Median Price
$124,900
⇧ 5.2% vs $118,675 last year
Average Price
$327,416
⇧ 6.2% vs $308,332 last year
Days on Market
57
⇩ 59.3% vs 140 days last year

Market Context

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

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

Market Analysis

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

The OLNEY, IL real estate market (62450) currently shows 23 active listings, with 7 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 57 days on market compared to 140 days last year.

The median listing price has risen 5.2% year-over-year, from $118,675 to $124,900.

Whether you are buying or selling in OLNEY, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 27 last year
  • Days on market: 57 now vs 140 last year

Median & Average Pricing

Year over Year
  • Median: $124,900 (+5.2% YoY)
  • Average: $327,416 (+6.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 31.8 miles — 124 listings ($26,123,707 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62450Olney, IL 624500.0 mi23$7,530,568$124,900$327,416
62475West Liberty, IL 6247512.0 mi1$315,000$315,000$315,000
62476West Salem, IL 6247613.2 mi3$607,200$202,400$202,400
62417Bridgeport, IL 6241717.3 mi2$209,900$104,950$104,950
62449Oblong, IL 6244922.2 mi8$1,445,200$189,950$180,650
62806Albion, IL 6280622.8 mi9$1,059,174$86,000$117,686
62842Geff, IL 6284223.1 mi2$274,500$137,250$137,250
62823Cisne, IL 6282323.3 mi7$833,000$97,250$119,000
62439Lawrenceville, IL 6243924.4 mi26$3,993,392$154,700$153,592
62424Dieterich, IL 6242426.0 mi2$990,000$495,000$495,000
62454Robinson, IL 6245426.4 mi29$6,991,175$225,000$241,075
62899Xenia, IL 6289930.6 mi6$1,334,898$212,500$222,483
62844Grayville, IL 6284431.8 mi6$539,700$66,950$89,950

Frequently Asked Questions

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

As of January 2026, there are 23 active listings in OLNEY, IL (zip code 62450), compared to 27 the prior year.

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

The median listing price in OLNEY, IL 62450 is $124,900 as of January 2026, a 5.2% increase from $118,675 the prior year.

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

Homes in OLNEY, IL 62450 spend an average of 57 days on the market before going under contract, compared to 140 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 January 2026, OLNEY, IL 62450 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 57 days on market compared to 140 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 $2,498 compared to a typical 5% commission on the median listing price of $124,900. 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.