Is Oak Brook, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Oak Brook was a Seller's Market.
Housing Prices in Oak Brook, IL
How much do homes in Oak Brook, IL cost?
Median Sold Price
$830,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oak Brook was $830,000 in March 2024, up 10.7% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $184.5K | $150K | -18.7% |
2 Bedrooms | $502.7K | $430K | -14.5% |
3 Bedrooms | $635K | $770K | +21.3% |
4 Bedrooms | $894K | $1.1M | +28.6% |
5+ Bedrooms | $1.1M | $1.3M | +20.9% |
Summary: Oak Brook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.7%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Cities
Oak Brook | $750K | $830K | +10.7% |
York Township | $364.8K | $374.9K | +2.8% |
Hillside | $250K | $255.2K | +2.1% |
Westmont | $340.1K | $347K | +2.0% |
Housing Supply in Oak Brook, IL
How many homes are available in Oak Brook, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 58 | +23.4% |
Summary: The Oak Brook real estate market had 58 homes for sale in March 2024, a 23.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 10 | 7 | -30.0% |
4 Bedrooms | 8 | 17 | +112.5% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Oak Brook housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 112.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Oak Brook in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 35 Days | -46.0% |
Summary: Homes in Oak Brook had an average of 35 days on market in Mar 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Oak Brook; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.