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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oregon is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$47,000(+31.3%)

Key Takeaway

Homes in Oregon have sold for 31.3% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$77K
N/A
2 $112.9K$167K
+47.9%
3 $152.2K$195K
+28.1%
4 $157.5K$250K
+58.7%
5+ $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
+31.3%
Oregon-Nashua Township
+14.8%

Housing Supply in Oregon, IL

How many homes are available in Oregon, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1815-16.7%

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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 56
+20.0%
4 63
-50.0%
5+ 33
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 2024Mar 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oregon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
62 Days51 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Oregon, IL

Nearby Markets to Oregon, IL

What housing markets are near Oregon, IL?