Is Oak Brook, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Oak Brook has remained a Seller's Market.
Housing Prices in Oak Brook, IL
How much do homes in Oak Brook, IL cost?
Median Sold Price
$856,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Oak Brook was $856,000 in June 2024, up 12.3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.5K | $154.9K | +3.6% |
2 Bedrooms | $516.5K | $400K | -22.6% |
3 Bedrooms | $705K | $681.5K | -3.3% |
4 Bedrooms | $935K | $1.1M | +25.7% |
5+ Bedrooms | $1.1M | $1.3M | +19.5% |
Summary: Oak Brook housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
Oak Brook | $762K | $856K | +12.3% |
York Township | $363.1K | $380.6K | +4.8% |
Hillside | $250K | $258K | +3.2% |
Westmont | $342K | $348.9K | +2.0% |
Housing Supply in Oak Brook, IL
How many homes are available in Oak Brook, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
76 | 86 | +13.2% |
Summary: The Oak Brook real estate market had 86 homes for sale in June 2024, a 13.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 15 | 21 | +40.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 20 | 17 | -15.0% |
5+ Bedrooms | 18 | 24 | +33.3% |
Summary: The Oak Brook housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Oak Brook in June 2024, up by 20.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 8% were sold at asking, and 29% were sold over asking.
Days on Market for Oak Brook, IL
How long does it take to sell a home in Oak Brook, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 33 Days | +18.3% |
Summary: Homes in Oak Brook had an average of 33 days on market in Jun 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 24 homes were sold in Oak Brook; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.