Condo Foreclosures in Olney, IL

Current Market Conditions in Olney, IL

Olney's real estate market is characterized by its affordability, with housing prices remaining stable over the past few months. The area has seen a slight increase in demand, with many buyers drawn to the small-town atmosphere and the community's charm. The number of available homes is gradually decreasing, leading to more competition among prospective buyers, which may drive prices up in the future.

The rental market in Olney also appears to be thriving as more people are attracted to the area for its affordability and lifestyle. Vacancies are low, indicating strong demand for rental properties.

Rent Prices In Olney, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Olney, IL, is on a rollercoaster ride. The average rent price in Olney, IL, is $1,074.00. Indeed, when looking to rent in Olney, IL, you can expect to pay as little as $570.00 or as much as $2,020.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Olney, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.