Is Oriole Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oriole Park has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $175.5K | +9.7% |
2 Bedrooms | $283.5K | $267.5K | -5.6% |
3 Bedrooms | $365K | $376.7K | +3.2% |
4 Bedrooms | $552.5K | $535K | -3.2% |
5+ Bedrooms | $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 | $375K | $407.5K | +8.7% |
Norwood Park | $350.2K | $380.3K | +8.6% |
Union Ridge | $349.9K | $377.5K | +7.9% |
Oriole Park | $350K | $375K | +7.1% |
Norwood Park West | $375K | $395K | +5.3% |
Housing Supply in Oriole Park, IL
How many homes are available in Oriole Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 19 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 48 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
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.