4

New Construction Homes for Sale in Olney, IL

Section Image
  • /51

    $720,000 Lot/Land

    5301 N Ridge Rd, Olney, IL 62450

    • 80 Acres
    • $9,000 per Acre

    Located just 8.5 miles from Olney and 6.5 miles from Noble, this versatile 80 acre property is a rare find that offers strong income potential, exceptional hunting, and excellent access, making it ideal for farmers, hunters, and land investors. Whether you're looking to expand your farming operation, secure a proven recreational retreat, or diversify your portfolio with productive ground, this

    Josh Malone Whitetail Properties Real Estate

    5301 N Ridge Rd, Olney, IL 62450
  • /61

    $630,000 Lot/Land

    5335 N Midway Rd, Olney, IL 62450

    • 70 Acres
    • $9,000 per Acre

    This 70 acre property in Richland County, Illinois, offers an ideal blend of income-producing farmland, timber, a stocked fishing pond, and infrastructure, all just 6.5 miles from Olney and 7 miles from Noble. Whether you're a farmer looking to expand your operation, a hunter searching for a piece of ground, or an investor seeking a versatile land asset with long-term potential, this property

    Josh Malone Whitetail Properties Real Estate

    5335 N Midway Rd, Olney, IL 62450
  • /5

    $60,000 Lot/Land

    5389 N Fairway Rd, Olney, IL 62450

    • 1 Acre
    • $60,000 per Acre

    1 Acre or 44000 Square Feet lot. Call, text or email Lee or Kevin for more information

    Lee Scherer Scherer Real Estate

    5389 N Fairway Rd, Olney, IL 62450
  • /6

    $5,200 Lot/Land

    502 W Chestnut St, Olney, IL 62450

    • 0.1 Acre
    • $52,000 per Acre

    Here's an excellent opportunity to own an affordable .10-acre lot conveniently located near all the amenities of downtown Olney! Situated on the corner of West Chestnut and South Saratoga Street, this property offers easy access to shopping, dining, and community events. Whether you're looking for the perfect spot to build a cozy home with low-maintenance lawn care or a place to bring your

    Heidi Howard AMY LEE REALTY LLC

    502 W Chestnut St, Olney, IL 62450

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Olney, IL usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Olney, IL hold their value?
Yes, especially in fast-growing areas of Olney, IL. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Olney, IL

Housing Trends

Median Sale Price
$139,800
Median Single Family Sale Price
$112,500
Average Price Per Sq Ft
$83
Number of Homes for Sale
14
Last 12 months Home Sales
28
Months of Supply
6.00
Median List Price
$129,400
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
8%
How to Buy a Home How to Finance a Home How to Sell a Home