Is Oakbrook Terrace, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oakbrook Terrace was a Neutral Market.
Housing Prices in Oakbrook Terrace, IL
How much do homes in Oakbrook Terrace, IL cost?
Median Sold Price
$410,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oakbrook Terrace was $410,000 in April 2024, down 2.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $435K | +45.0% |
3 Bedrooms | $425K | $401K | -5.6% |
4 Bedrooms | $420.1K | $305K | -27.4% |
5+ Bedrooms | - | - | N/A |
Summary: Oakbrook Terrace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 27.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
York Township | $365K | $375K | +2.7% |
Oak Brook | $758.5K | $775K | +2.2% |
Villa Park | $305K | $310K | +1.6% |
Elmhurst | $523K | $529.9K | +1.3% |
Oakbrook Terrace | $420.1K | $410K | -2.4% |
Housing Supply in Oakbrook Terrace, IL
How many homes are available in Oakbrook Terrace, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Summary: The Oakbrook Terrace real estate market had 3 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oakbrook Terrace housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Oakbrook Terrace in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oakbrook Terrace, IL
How long does it take to sell a home in Oakbrook Terrace, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 12 Days | -7.7% |
Summary: Homes in Oakbrook Terrace had an average of 12 days on market in Apr 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Oakbrook Terrace; 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.