Is Oglesby, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oglesby is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Oglesby has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oglesby, IL

How much do homes in Oglesby, IL cost?

Median Sold Price

$125,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,000(+21.4%)

Key Takeaway

Homes in Oglesby have sold for 21.4% more than they did a year ago.

Summary: The median home sold price in Oglesby was $125,000 in April 2024, up 21.4% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $46K-
N/A
2 $103K$98.5K
-4.4%
3 $100K$139K
+39.0%
4 $131.5K$212.5K
+61.6%
5+ $345.5K$290K
-16.1%

Summary: Oglesby housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 61.6%, and 5+ bedroom homes decreased by 16.1%.

Median Sold Price Compared To Nearby Cities

Deer Park Township
+219.7%
Oglesby
+21.4%
LaSalle Township
-1.8%

Housing Supply in Oglesby, IL

How many homes are available in Oglesby, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1312-7.7%

Summary: The Oglesby real estate market had 12 homes for sale in April 2024, a 7.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 55
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Oglesby 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 decreased by 25%, 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
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oglesby, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Oglesby in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Oglesby, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
191 Days14 Days-92.3%

Summary: Homes in Oglesby had an average of 14 days on market in Apr 2024, down by 92.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oglesby are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Oglesby; 80% of homes were sold within 30 days, 20% 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 9 Days Ago

Newest Listings in Oglesby, IL

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