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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Oswego Township, IL

How much do homes in Oswego Township, IL cost?

Median Sold Price

$355,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,603(+5.5%)

Key Takeaway

Homes in Oswego Township have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Oswego Township was $355,000 in March 2024, up 5.5% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $98K$115K
+17.3%
2 $230K$255K
+10.9%
3 $300.9K$306K
+1.7%
4 $437.5K$450.6K
+3.0%
5+ $490K$519.9K
+6.1%

Summary: Oswego Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Aurora Township
+20.8%
Bristol Township
+8.1%
Oswego Township
+5.5%
Oswego
+4.2%
Montgomery
-5.0%

Housing Supply in Oswego Township, IL

How many homes are available in Oswego Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
165185+12.1%

Summary: The Oswego Township real estate market had 185 homes for sale in March 2024, a 12.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2834
+21.4%
3 6271
+14.5%
4 5861
+5.2%
5+ 1618
+12.5%

Summary: The Oswego Township 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 21.4%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4164+56.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego Township, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.

Summary: A total of 64 homes were sold or pending in Oswego Township in March 2024, up by 56.1% month-over-month. Of the 64 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.

Days on Market for Oswego Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
25 Days25 Days+2.3%

Summary: Homes in Oswego Township had an average of 25 days on market in Mar 2024, up by 2.3% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

17 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 64 homes were sold in Oswego Township; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% 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 Oswego Township, IL

Nearby Markets to Oswego Township, IL

What housing markets are near Oswego Township, IL?