Tolono, IL Home Values & Market Trends
Real estate market trends reflect that there have been 49 transactions over the past year in Tolono. The median value for residential home transactions that occurred over the previous year is $257,715. The number of current listings in Tolono is 32, and the percentage of properties for sale in the city is 32.00%. Tolono, IL currently has 8 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 32 properties for sale.
Tolono, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61880 | $ 257,715 $ 184/sqft |
Housing Market Summary for Tolono, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $295K | $249.9K | -15.29% |
| Median Sold Price | $189.4K | $249.7K | 31.85% |
| Homes For Sale | 18 | 33 | 83.33% |
| Homes Sold | 46 | 23 | -50.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Tolono, IL
Browse Homes in Tolono, IL
Tolono home values range from $79,939 to $560,382. The median estimated value of a home in Tolono is $257,715. The median list price of a home is 249,900, and the total count of properties in the city is 72.
- Pre-ForeclosurePre-foreclosure homes account for 8.33% of all residential properties in Tolono, IL with 61880 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Tolono, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $560,382 in 61880 to the lowest home value of $194,659 in 61880.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Tolono, IL ranges from the highest value of $264,900 in 61880 to the lowest value of $264,900 in 61880. Bank owned homes and properties account for 1.39% of properties in Tolono, IL. There is 1 zips within Tolono, IL; 61880 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61880 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Tolono, IL. Auction homes and other auction properties account for 1.39% of all properties in Tolono, IL. There is 1 zips within Tolono, IL; of that zips, the median estimated home value for homes going to auction ranges from $320,764 in 61880 to the lowest value of $320,764 in 61880.
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Guide for Tolono, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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