Is Big Oaks, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Big Oaks was a Buyer's Market.
Housing Prices in Big Oaks, IL
How much do homes in Big Oaks, IL cost?
Median Sold Price
$407,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Big Oaks was $407,500 in April 2024, up 8.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.5K | $151.1K | +21.4% |
2 Bedrooms | $323K | $265K | -18.0% |
3 Bedrooms | $375K | $410.7K | +9.5% |
4 Bedrooms | $407.5K | $462K | +13.4% |
5+ Bedrooms | $692.4K | $462.5K | -33.2% |
Summary: Big Oaks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 33.2%.
Median Sold Price Compared To Nearby Neighborhoods
Big Oaks | $375K | $407.5K | +8.7% |
Norwood Park | $350.2K | $380.3K | +8.6% |
Union Ridge | $349.9K | $377.5K | +7.9% |
Far North Side | $330.2K | $350.8K | +6.2% |
Jefferson Park | $390K | $396K | +1.5% |
Housing Supply in Big Oaks, IL
How many homes are available in Big Oaks, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Big Oaks real estate market had 15 homes for sale in April 2024, a 11.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Big Oaks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Big Oaks in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Big Oaks, IL
How long does it take to sell a home in Big Oaks, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 29 Days | +316.7% |
Summary: Homes in Big Oaks had an average of 29 days on market in Apr 2024, up by 316.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Big Oaks; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.