Is Oakwood Court, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakwood Court is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Oakwood Court has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oakwood Court, IL

How much do homes in Oakwood Court, IL cost?

Median Sold Price

$232,500

$216/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$52,500(+29.2%)

Key Takeaway

Homes in Oakwood Court have sold for 29.2% more than they did a month ago.

Summary: The median home sold price in Oakwood Court was $232,500 in April 2024, up 29.2% from last month, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $180K$232.5K
+29.2%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Oakwood Court housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Oakwood Court, IL

How many homes are available in Oakwood Court, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
34+33.3%

Summary: The Oakwood Court real estate market had 4 homes for sale in April 2024, a 33.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Oakwood Court 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Oakwood Court in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Oakwood Court, IL

How long does it take to sell a home in Oakwood Court, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
6 Days8 Days+41.7%

Summary: Homes in Oakwood Court had an average of 8 days on market in Apr 2024, up by 41.7% compared to last month.

Breakdown of Home Sale Times

2 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 Oakwood Court are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Oakwood Court; 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 5 Days Ago

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