Is The Oaks, 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, The Oaks has remained a Seller's Market.
Housing Prices in The Oaks, IL
How much do homes in The Oaks, IL cost?
Median Sold Price
$210,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in The Oaks was $210,000 in March 2024, up 19% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.2K | $155K | +8.2% |
2 Bedrooms | $172.5K | $207.5K | +20.3% |
3 Bedrooms | $191K | $228.5K | +19.6% |
4 Bedrooms | $187K | $179K | -4.3% |
5+ Bedrooms | - | - | N/A |
Summary: The Oaks housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes did not change.
Housing Supply in The Oaks, IL
How many homes are available in The Oaks, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Summary: The The Oaks real estate market had 4 homes for sale in March 2024, a 42.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Oaks housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in The Oaks in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for The Oaks, IL
How long does it take to sell a home in The Oaks, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 8 Days | -76.5% |
Summary: Homes in The Oaks had an average of 8 days on market in Mar 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in The Oaks; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.