Is Oswego, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oswego has remained a Seller's Market.
Housing Prices in Oswego, IL
How much do homes in Oswego, IL cost?
Median Sold Price
$373,750
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oswego was $373,750 in May 2024, up 5.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $115K | -14.8% |
2 Bedrooms | $255K | $265K | +3.9% |
3 Bedrooms | $315K | $341K | +8.3% |
4 Bedrooms | $430K | $446.5K | +3.8% |
5+ Bedrooms | $455K | $503.1K | +10.6% |
Summary: Oswego housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Bristol Township | $313.4K | $349.9K | +11.7% |
Oswego | $354.9K | $373.7K | +5.3% |
Oswego Township | $339.9K | $354.8K | +4.4% |
Montgomery | $289.9K | $283K | -2.4% |
Housing Supply in Oswego, IL
How many homes are available in Oswego, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
157 | 168 | +7.0% |
Summary: The Oswego real estate market had 168 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 48 | 59 | +22.9% |
4 Bedrooms | 67 | 63 | -6.0% |
5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Oswego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 56 | +19.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Oswego in May 2024, up by 19.1% month-over-month. Of the 56 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.
Days on Market for Oswego, IL
How long does it take to sell a home in Oswego, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 19 Days | +43.6% |
Summary: Homes in Oswego had an average of 19 days on market in May 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 56 homes were sold in Oswego; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.