Is Oswego, 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, Oswego has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174K | $115K | -33.9% |
2 Bedrooms | $245K | $261.5K | +6.7% |
3 Bedrooms | $315K | $335K | +6.3% |
4 Bedrooms | $430K | $440K | +2.3% |
5+ Bedrooms | $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 | $314.4K | $340.1K | +8.1% |
Oswego Township | $336.3K | $355K | +5.5% |
Oswego | $352.2K | $367.1K | +4.2% |
Montgomery | $294.8K | $280K | -5.0% |
Housing Supply in Oswego, IL
How many homes are available in Oswego, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 134 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 24 | +33.3% |
3 Bedrooms | 40 | 47 | +17.5% |
4 Bedrooms | 45 | 49 | +8.9% |
5+ Bedrooms | 10 | 13 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 39 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 32 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
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.