Is Indian Oaks, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Oaks is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Indian Oaks, IL

How much do homes in Indian Oaks, IL cost?

Median Sold Price

$320,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$45,000(+16.4%)

Key Takeaway

Homes in Indian Oaks have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Indian Oaks was $320,000 in April 2024, up 16.4% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$265K
N/A
3 $274.8K$305K
+11.0%
4 $320K$335.2K
+4.8%
5+ $275K$356K
+29.5%

Summary: Indian Oaks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 29.5%.

Housing Supply in Indian Oaks, IL

How many homes are available in Indian Oaks, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
10100.0%

Summary: The Indian Oaks real estate market had 10 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 65
-16.7%
5+ 00
0.0%

Summary: The Indian Oaks housing inventory by bedroom type for April 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 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Oaks, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Indian Oaks in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Indian Oaks, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days8 Days-77.6%

Summary: Homes in Indian Oaks had an average of 8 days on market in Apr 2024, down by 77.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in Indian Oaks; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in Indian Oaks, IL

Nearby Markets to Indian Oaks, IL