Is Oriole Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oriole Park is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Oriole Park, IL

How much do homes in Oriole Park, IL cost?

Median Sold Price

$375,000

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+7.1%)

Key Takeaway

Homes in Oriole Park have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Oriole Park was $375,000 in April 2024, up 7.1% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $160K$175.5K
+9.7%
2 $283.5K$267.5K
-5.6%
3 $365K$376.7K
+3.2%
4 $552.5K$535K
-3.2%
5+ $581.4K-
N/A

Summary: Oriole Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Big Oaks
+8.7%
Norwood Park
+8.6%
Union Ridge
+7.9%
Oriole Park
+7.1%
Norwood Park West
+5.3%

Housing Supply in Oriole Park, IL

How many homes are available in Oriole Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1319+46.2%

Summary: The Oriole Park real estate market had 19 homes for sale in April 2024, a 46.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 26
+200.0%
3 58
+60.0%
4 44
0.0%
5+ 11
0.0%

Summary: The Oriole Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oriole Park, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Oriole Park in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Oriole Park, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
31 Days48 Days+53.6%

Summary: Homes in Oriole Park had an average of 48 days on market in Apr 2024, up by 53.6% compared to last year.

Breakdown of Home Sale Times

5 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 Oriole Park are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in Oriole Park; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% 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 1 Day Ago

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