Is Oswego, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$365,600
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oswego was $365,600 in April 2024, up 2.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.5K | $115K | -30.1% |
2 Bedrooms | $250K | $265K | +6.0% |
3 Bedrooms | $315K | $336.5K | +6.8% |
4 Bedrooms | $430K | $440K | +2.3% |
5+ Bedrooms | $455K | $501.3K | +10.2% |
Summary: Oswego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
Bristol Township | $317.1K | $342.2K | +7.9% |
Oswego Township | $340.1K | $350.2K | +3.0% |
Oswego | $356.6K | $365.6K | +2.5% |
Montgomery | $292.3K | $283K | -3.2% |
Housing Supply in Oswego, IL
How many homes are available in Oswego, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 145 | +9.0% |
Summary: The Oswego real estate market had 145 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 23 | 25 | +8.7% |
3 Bedrooms | 47 | 42 | -10.6% |
4 Bedrooms | 48 | 61 | +27.1% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Oswego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 44 | +4.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Oswego in April 2024, up by 4.8% month-over-month. Of the 44 sold homes, 30% were sold under asking, 14% were sold at asking, and 57% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 16 Days | -7.3% |
Summary: Homes in Oswego had an average of 16 days on market in Apr 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in Oswego; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.