Is Oakbrook Terrace, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakbrook Terrace is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Oakbrook Terrace has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oakbrook Terrace, IL

How much do homes in Oakbrook Terrace, IL cost?

Median Sold Price

$305,000

$162/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

-$121,000(-28.4%)

Key Takeaway

Homes in Oakbrook Terrace have sold for 28.4% less than they did a month ago.

Summary: The median home sold price in Oakbrook Terrace was $305,000 in January 2024, down 28.4% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $426K$305K
-28.4%
5+ --
N/A

Summary: Oakbrook Terrace housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes did not change.

Housing Supply in Oakbrook Terrace, IL

How many homes are available in Oakbrook Terrace, IL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
12+100.0%

Summary: The Oakbrook Terrace real estate market had 2 homes for sale in January 2024, a 100.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 00
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Oakbrook Terrace housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakbrook Terrace, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Oakbrook Terrace in January 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Oakbrook Terrace, IL

How long does it take to sell a home in Oakbrook Terrace, IL?

Average Sale Time

Dec 2023Jan 2024CHANGE
5 Days5 Days0.0%

Summary: Homes in Oakbrook Terrace had an average of 5 days on market in Jan 2024, the same as last month.

Breakdown of Home Sale Times

1 Home Was 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 Oakbrook Terrace are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 1 homes were sold in Oakbrook Terrace; 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 25 Days Ago

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