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 buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Green Oaks was a Seller's Market.

Key Takeaway

Green Oaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Green Oaks, IL

How much do homes in Green Oaks, IL cost?

Median Sold Price

$700,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+3.7%)

Key Takeaway

Homes in Green Oaks have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Green Oaks was $700,000 in October 2024, up 3.7% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$330K
N/A
2 -$361K
N/A
3 $345K$425K
+23.2%
4 $650K$671K
+3.2%
5+ $920K$815.6K
-11.3%

Summary: Green Oaks housing prices by bedroom type for October 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 23.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Cities

North Chicago
+14.7%
Libertyville
+10.1%
Libertyville Township
+7.1%
Green Oaks
+3.7%

Housing Supply in Green Oaks, IL

How many homes are available in Green Oaks, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The Green Oaks real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 34
+33.3%
5+ 21
-50.0%

Summary: The Green Oaks housing inventory by bedroom type for October 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 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Green Oaks, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Green Oaks in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Oct 2023Oct 2024CHANGE
31 Days9 Days-71.4%

Summary: Homes in Green Oaks had an average of 9 days on market in Oct 2024, down by 71.4% 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

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 October 2024, 1 homes were sold in Green Oaks; 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 16 Days Ago

Newest Listings in Green Oaks, IL

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