House Prices

House Prices & Home Values Olney, IL 2026


Average Data

average house price$144,256
average size per house1910 ft²
average price per ft²76 $ / ft²

04/22/2026 - The value range (VR) for house prices in Olney, IL is $82/ sqft to $82/ sqft. An average home with 1910 sqft costs approximately $156,620 to $156,620. Olney, IL includes 1 ZIP codes and it is located in Richland county. The lowest prices are found in ZIP 62450, while the highest are in ZIP 62450. The average price per sqare feet is $76. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Olney

6245087 $ / ft²




Historical development of home values in Olney

Year Estimated value (USD) Change vs. 2025
2010 $66,995 -53.6%
2011 $64,404 -55.4%
2012 $64,231 -55.5%
2013 $66,632 -53.8%
2014 $69,945 -51.5%
2015 $73,535 -49.0%
2016 $77,372 -46.4%
2017 $81,548 -43.5%
2018 $86,057 -40.3%
2019 $90,047 -37.6%
2020 $94,702 -34.4%
2021 $107,714 -25.3%
2022 $125,570 -13.0%
2023 $132,419 -8.2%
2024 $140,080 -2.9%
2025 $144,256 0.0%

Graph: estimated home values in Olney over time (USD)



Example: 100% financing house in Olney

Loan amount: $144,256

Interest rate: 6.00%

Fixed monthly payment: $864.89

Breakdown in the 1st month:
Interest portion: $721.28  –  Principal portion: $143.61

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,607.17 $1,771.48 $142,484.52
2 $8,497.91 $1,880.74 $140,603.78
3 $8,381.91 $1,996.74 $138,607.04
4 $8,258.75 $2,119.90 $136,487.14
5 $8,128.00 $2,250.65 $134,236.49
6 $7,989.19 $2,389.46 $131,847.03
7 $7,841.81 $2,536.84 $129,310.19
8 $7,685.35 $2,693.31 $126,616.89
9 $7,519.23 $2,859.42 $123,757.46
10 $7,342.87 $3,035.79 $120,721.68
11 $7,155.63 $3,223.03 $117,498.65
12 $6,956.84 $3,421.82 $114,076.84
13 $6,745.79 $3,632.87 $110,443.97
14 $6,521.72 $3,856.93 $106,587.04
15 $6,283.83 $4,094.82 $102,492.22
16 $6,031.27 $4,347.38 $98,144.84
17 $5,763.14 $4,615.52 $93,529.33
18 $5,478.46 $4,900.19 $88,629.14
19 $5,176.23 $5,202.42 $83,426.71
20 $4,855.35 $5,523.30 $77,903.41
21 $4,514.69 $5,863.96 $72,039.45
22 $4,153.01 $6,225.64 $65,813.81
23 $3,769.03 $6,609.62 $59,204.19
24 $3,361.36 $7,017.29 $52,186.90
25 $2,928.55 $7,450.10 $44,736.80
26 $2,469.04 $7,909.61 $36,827.19
27 $1,981.20 $8,397.45 $28,429.73
28 $1,463.26 $8,915.39 $19,514.34
29 $913.38 $9,465.27 $10,049.07
30 $329.58 $10,049.07 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Olney, IL


1500 sqft3900 sqft
Ø selling price$137,941$293,436
Ø fast selling$125,401$264,093
Ø high price sale$150,480$322,780

In 2026, houses in Olney, IL will be offered at an average price of $76 per square foot. A 1,500 sqft home priced at $137,941 is 24.24% more expensive per square foot than a 3,900 sqft home priced at $293,436. Home prices in Olney, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $203,149. Sellers who can wait longer may achieve a higher price of up to $248,293.

FAQ – Home Values in Olney

What is the median home value in Olney in 2026?

In 2026, the typical home value in Olney is about $144,256 for an average home size of 1910 square feet. This corresponds to an average price of roughly $76 per square foot.

What is the average cost per square foot in Olney?

In 2026, homes in Olney sell for an average of around $76 per square foot, with a typical range between $82 and $82 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Olney is about 1910 square feet, with an estimated 2026 value around $144,256.



Locations close to Olney, IL

Palestine, IL84 $ / ft²
Parkersburg, IL85 $ / ft²
Robinson, IL90 $ / ft²
Oblong, IL85 $ / ft²
Newton, IL41 $ / ft²
Neoga, IL94 $ / ft²
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