Is Green Oaks, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Green Oaks is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Green Oaks, IL

How much do homes in Green Oaks, IL cost?

Median Sold Price

$671,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,000(-2.0%)

Key Takeaway

Homes in Green Oaks have sold for 2% less than they did a year ago.

Summary: The median home sold price in Green Oaks was $671,000 in November 2024, down 2% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$330K
N/A
2 -$361K
N/A
3 $340K$425K
+25.0%
4 $662.5K$671K
+1.3%
5+ $937.5K$812.6K
-13.3%

Summary: Green Oaks 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 did not change, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

North Chicago
+12.8%
Libertyville
+10.2%
Libertyville Township
+7.6%
Green Oaks
-2.0%
Mettawa
-36.3%

Housing Supply in Green Oaks, IL

How many homes are available in Green Oaks, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
811+37.5%

Summary: The Green Oaks real estate market had 11 homes for sale in November 2024, a 37.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 35
+66.7%
4 45
+25.0%
5+ 11
0.0%

Summary: The Green Oaks 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Green Oaks, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Green Oaks in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Green Oaks, IL

How long does it take to sell a home in Green Oaks, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days37 Days-9.3%

Summary: Homes in Green Oaks had an average of 37 days on market in Nov 2024, down by 9.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Green Oaks; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

Newest Listings in Green Oaks, IL

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