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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$8,933(+2.5%)

Key Takeaway

Homes in Oswego have sold for 2.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $164.5K$115K
-30.1%
2 $250K$265K
+6.0%
3 $315K$336.5K
+6.8%
4 $430K$440K
+2.3%
5+ $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
+7.9%
Oswego Township
+3.0%
Oswego
+2.5%
Montgomery
-3.2%

Housing Supply in Oswego, IL

How many homes are available in Oswego, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
133145+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

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 2325
+8.7%
3 4742
-10.6%
4 4861
+27.1%
5+ 1415
+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 2024Apr 2024CHANGE
4244+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego, you could pay more than the asking price. 56.8% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
17 Days16 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oswego are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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