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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Oakland Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in East Oakland Township, IL

How much do homes in East Oakland Township, IL cost?

Median Sold Price

$150,000

$63/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+20.0%)

Key Takeaway

Homes in East Oakland Township have sold for 20% more than they did a year ago.

Summary: The median home sold price in East Oakland Township was $150,000 in November 2024, up 20% from last year, and the median price per square foot was $63.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$52K
N/A
2 $53.5K$69.5K
+29.9%
3 $130K$152.5K
+17.3%
4 $111.4K$185K
+66.0%
5+ -$71K
N/A

Summary: East Oakland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 66%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Oakland
+34.6%
East Oakland Township
+20.0%

Housing Supply in East Oakland Township, IL

How many homes are available in East Oakland Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54-20.0%

Summary: The East Oakland Township real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 22
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The East Oakland Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Oakland Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in East Oakland Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for East Oakland Township, IL

We’re sorry, we don't have information for this market at the moment

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in East Oakland Township; 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.

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

Report Updated 21 Days Ago

Newest Listings in East Oakland Township, IL

Nearby Markets to East Oakland Township, IL