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Featured local agent — Tolono, IL
Sarah Mitchell
Compass Real Estate · Tolono, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tolono, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$243,500median sale price
How is the Tolono, IL housing market right now?
The median home sale price in Tolono, IL is $243,500, up 45.4% year-over-year. Homes sell in an average of 65 days with 8 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Tolono a buyer's or seller's market?
Tolono, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 65 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
65
Average pace
Active listings
8
2.0 months supply
Sale-to-list
102.6%
Above asking
What does the Tolono housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $243,500 |
| Median list price | $188,950 |
| Year-over-year price change | +45.4% |
| Average days on market | 65 days |
| Active inventory | 8 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 102.6% |
| Median price per sq ft | $199/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 4 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Tolono by property type?
How the Tolono, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $243,500 | $199/sq ft | 4 | 65 days |
| Condo / Co-op | $175,000 | $152/sq ft | 1 | 20 days |
Source: Redfin · Updated monthly
The Tolono housing market is currently classified as a seller's market with a median sale price of $243,500. Prices have risen 45.4% compared to last year, with homes spending an average of 65 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Tolono
There are currently 8 homes listed for sale in Tolono, Illinois. The median listing price is $189K.
Active listings
8
Homes on market
Median list price
$189K
Avg. days on market
65
Days until sale
New this week
4
Newly listed
Who lives in Tolono?
Population
3,546
Median income
$79,333/yr
Median age
35.6 years
Owner-occupied
72.2%
College grads
25.7%
Avg commute
20.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Tolono?
Zillow home value
$252,724
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Tolono?
Tolono is a community of approximately 4K residents with a median age of 35.6 years.The median household income is $79,333, which reflects a relatively affluent area with strong earning potential. 25.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Tolono offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Tolono?
3 schools tracked · 1,278 students
The largest public schools serving Tolono, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Unity High School
Grades 9-12 · 526 students
Unity West
Grades K-5 · 387 students
Unity Jr High School
Grades 6-8 · 365 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Tolono, IL?
Want a head-to-head view? Compare Tolono side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Tolono?
The median home sale price in Tolono is $243,500, up 45.4% from last year.
How long do homes stay on market in Tolono?
Homes typically spend 65 days on market before going under contract.
What is the median income in Tolono?
The median household income is $79,333 per year.
Is Tolono a buyer's or seller's market?
With 2.0 months of supply, Tolono is currently a seller's market.
What is the Zillow home value estimate for Tolono?
The Zillow Home Value Index (ZHVI) for Tolono is $252,724, representing the typical home value in the area.
What is the median condo price in Tolono?
The median condo/co-op sale price in Tolono, IL is $175,000, compared to $243,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Tolono?
The median single-family home price in Tolono, IL is $243,500 (about $199 per square foot).
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