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Chestnut and Whittle in OlneyPhoto: Nyttend · Public domain
Housing in Olney

11 homes sold in Olney in the last year, at a typical $158K

Almost every sale is a house. Below: what each kind of home sells for and a shortcut to every site where Olney homes are listed.

Homes sold
11
October 2025 to September 2026
Typical sale price
$158K
median, weighted by sales
Price per square foot
$86
Illinois $193
Paid vs. asking
92.6%
6% sold over asking
For sale now
3
September 2026 · 1 sold that month
What sold · last 12 months

Houses are 0% of Olney’s sales, at a typical — (year to May 2026)

11 homes sold in the year to September 2026.

14 years of sales

Fewer homes sell than a decade ago, at 4.6 times the 2016 price

11 sales in the last year, against 39 in 2019 and a low of 2 in 2014. The typical sale went from $34K in 2016 to $158K.

Homes soldTypical sale price
012253750$50K$100K$150K$200K2012: 3 sold, typical $87K’122013: 9 sold, typical $34K2014: 2 sold, typical $33K’142015: 7 sold, typical $35K2016: 10 sold, typical $34K’162017: 34 sold, typical $76K2018: 26 sold, typical $76K’182019: 39 sold, typical $79K2020: 28 sold, typical $116K’202021: 33 sold, typical $100K2022: 23 sold, typical $89K’222023: 19 sold, typical $105K2024: 12 sold, typical $85K’242025: 13 sold, typical $119KLast 12 months: 11 sold, typical $158KNow

Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.

Rent or buy?

Owning the typical Olney home costs about $1,074 a month

Mortgage
Property tax
Insurance
Rent

Price: Olney’s typical sale, last 12 months. Property tax at Olney’s 1.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Olney is affordable on local pay is on Cost of living.

Before you buy in Olney

Five things worth knowing

1.9%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $158K home, about $2,990 a year.

Taxes vs. neighbors
B−

Schools

The schools grade for Olney, from test results, graduation and how much students grow.

Schools in Olney
17 min

Typical commute

The average one-way trip to work for people who live in Olney.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Olney, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Olney. People who follow the town see it, and so do people comparing Olney with their own town. No commission, no listing fee.

Questions about buying a home in Olney

What do homes sell for in Olney, IL?

11 homes sold in the year to September 2026 at a typical $158K, $86 a square foot.

Is Olney a buyer’s or seller’s market?

A seller’s market: 3 homes were for sale in September 2026 and 1 sold, about 2.3 months of supply. Buyers paid 92.6% of asking on average.

How much are property taxes in Olney?

About 1.9% of a home’s value a year. On a $158K home that’s near $2,990.

Where can I see homes for sale in Olney?

Zillow, Redfin, Realtor.com and Homes.com all carry Olney’s MLS listings; the search links above open each one filtered to Olney.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).