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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Oswego, IL

How much do homes in Oswego, IL cost?

Median Sold Price

$367,158

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,866(+4.2%)

Key Takeaway

Homes in Oswego have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Oswego was $367,158 in March 2024, up 4.2% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $174K$115K
-33.9%
2 $245K$261.5K
+6.7%
3 $315K$335K
+6.3%
4 $430K$440K
+2.3%
5+ $455K$495K
+8.8%

Summary: Oswego housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Cities

Bristol Township
+8.1%
Oswego Township
+5.5%
Oswego
+4.2%
Montgomery
-5.0%

Housing Supply in Oswego, IL

How many homes are available in Oswego, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
114134+17.5%

Summary: The Oswego real estate market had 134 homes for sale in March 2024, a 17.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1824
+33.3%
3 4047
+17.5%
4 4549
+8.9%
5+ 1013
+30.0%

Summary: The Oswego 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 increased by 33.3%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2839+39.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Oswego in March 2024, up by 39.3% month-over-month. Of the 39 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.

Days on Market for Oswego, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
23 Days32 Days+40.2%

Summary: Homes in Oswego had an average of 32 days on market in Mar 2024, up by 40.2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 39 homes were sold in Oswego; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% 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 17 Days Ago

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