Is Oregon, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oregon is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Oregon has remained a Seller's Market.

Key Takeaway

Oregon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oregon, IL

How much do homes in Oregon, IL cost?

Median Sold Price

$206,871

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$54,371(+35.7%)

Key Takeaway

Homes in Oregon have sold for 35.7% more than they did a year ago.

Summary: The median home sold price in Oregon was $206,871 in May 2024, up 35.7% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$77K
N/A
2 $119.9K$167K
+39.2%
3 $155K$195K
+25.8%
4 $177.2K$227K
+28.1%
5+ $246.5K$437.5K
+77.5%

Summary: Oregon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.2%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 77.5%.

Median Sold Price Compared To Nearby Cities

Oregon
+35.7%
Oregon-Nashua Township
+10.8%

Housing Supply in Oregon, IL

How many homes are available in Oregon, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2022+10.0%

Summary: The Oregon real estate market had 22 homes for sale in May 2024, a 10.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 44
0.0%
3 78
+14.3%
4 67
+16.7%
5+ 33
0.0%

Summary: The Oregon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oregon, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Oregon in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for Oregon, IL

How long does it take to sell a home in Oregon, IL?

Average Sale Time

May 2023May 2024CHANGE
13 Days35 Days+158.2%

Summary: Homes in Oregon had an average of 35 days on market in May 2024, up by 158.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oregon are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 7 homes were sold in Oregon; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Oregon, IL

Nearby Markets to Oregon, IL

What housing markets are near Oregon, IL?