Is Oakwood Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Oakwood Township has remained a Seller's Market.
Housing Prices in Oakwood Township, IL
How much do homes in Oakwood Township, IL cost?
Median Sold Price
$165,000
$80/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Oakwood Township was $165,000 in March 2024, up 19.6% from last month, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $119K | $142.5K | +19.7% |
4 Bedrooms | $230K | $165K | -28.3% |
5+ Bedrooms | - | - | N/A |
Summary: Oakwood Township housing prices by bedroom type for March 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 increased by 19.7%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Catlin Township | $91K | $125K | +37.4% |
Oakwood Township | $138K | $165K | +19.6% |
Fithian | $119K | $130K | +9.2% |
Oakwood | $230K | $190K | -17.4% |
Housing Supply in Oakwood Township, IL
How many homes are available in Oakwood Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Oakwood Township real estate market had 6 homes for sale in March 2024, a 14.3% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oakwood Township 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 decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Oakwood Township in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Oakwood Township, IL
How long does it take to sell a home in Oakwood Township, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 6 Days | -81.0% |
Summary: Homes in Oakwood Township had an average of 6 days on market in Mar 2024, down by 81% compared to last month.
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 Township; 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.