Is Oakwood Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oakwood Hills has remained a Seller's Market.
Housing Prices in Oakwood Hills, IL
How much do homes in Oakwood Hills, IL cost?
Median Sold Price
$322,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oakwood Hills was $322,500 in March 2024, up 11.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.5K | $145K | +24.5% |
2 Bedrooms | $245K | $270K | +10.2% |
3 Bedrooms | $297.4K | $318.9K | +7.2% |
4 Bedrooms | $370K | $545K | +47.3% |
5+ Bedrooms | - | $447.5K | N/A |
Summary: Oakwood Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 47.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oakwood Hills | $290K | $322.5K | +11.2% |
Algonquin Township | $300.1K | $323.9K | +7.9% |
Nunda Township | $308.5K | $329K | +6.7% |
Housing Supply in Oakwood Hills, IL
How many homes are available in Oakwood Hills, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Summary: The Oakwood Hills real estate market had 5 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oakwood Hills housing inventory by bedroom type for March 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Oakwood Hills in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Oakwood Hills, IL
How long does it take to sell a home in Oakwood Hills, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 7 Days | +9.5% |
Summary: Homes in Oakwood Hills had an average of 7 days on market in Mar 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Oakwood Hills; 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.