Is Oregon, 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, Oregon has remained a Seller's Market.
Housing Prices in Oregon, IL
How much do homes in Oregon, IL cost?
Median Sold Price
$197,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oregon was $197,000 in March 2024, up 31.3% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $77K | N/A |
2 Bedrooms | $112.9K | $167K | +47.9% |
3 Bedrooms | $152.2K | $195K | +28.1% |
4 Bedrooms | $157.5K | $250K | +58.7% |
5+ Bedrooms | $246.5K | $404K | +63.9% |
Summary: Oregon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.9%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 58.7%, and 5+ bedroom homes increased by 63.9%.
Median Sold Price Compared To Nearby Cities
Oregon | $150K | $197K | +31.3% |
Oregon-Nashua Township | $145K | $166.5K | +14.8% |
Housing Supply in Oregon, IL
How many homes are available in Oregon, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Summary: The Oregon real estate market had 15 homes for sale in March 2024, a 16.7% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Oregon 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 decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Oregon in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oregon, IL
How long does it take to sell a home in Oregon, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 51 Days | -18.2% |
Summary: Homes in Oregon had an average of 51 days on market in Mar 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Oregon; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.