Is Olmsted, IL 62970 a buyer’s or seller’s market?
Olmsted is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Olmsted housing market right now
In the three months ending August 31, 2026, 100% of homes in Olmsted, IL 62970 sold above their list price and the typical home went under contract in 159 days. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (239 days then) and the median sale price rose 13% to $135,441. Overall, Olmsted is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Mounds 62964 (50% sold over asking) or Grand Chain 62941 (50% sold over asking).
Run the numbers for 62970
Nearby markets
Grand Chain 62941 $96 /sq ftMounds 62964Buyer’s market $62 /sq ft Browse all markets →Where Olmsted is
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Questions about Olmsted real estate
How fast do homes sell in Olmsted?
The typical home went under contract in 159 days in the latest three months.
Do homes in Olmsted sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Olmsted?
About 1.02% of a home’s value a year in Pulaski County, or roughly $4,080 on a $400,000 home.
What is the median home price in Olmsted?
The median sale price was $135,441 in the three months ending August 31, 2026, about $136 per square foot.
Local agents
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More tools for 62970
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology