Is Oakbrook Towers Townhomes, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakbrook Towers Townhomes is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Oakbrook Towers Townhomes was a Seller's Market.

Key Takeaway

Oakbrook Towers Townhomes is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oakbrook Towers Townhomes, IL

How much do homes in Oakbrook Towers Townhomes, IL cost?

Median Sold Price

$202,950

$183/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$17,950(+9.7%)

Key Takeaway

Homes in Oakbrook Towers Townhomes have sold for 9.7% more than they did a month ago.

Summary: The median home sold price in Oakbrook Towers Townhomes was $202,950 in November 2024, up 9.7% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $164.2K$184.9K
+12.6%
2 $210K$221K
+5.2%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Oakbrook Towers Townhomes housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Oakbrook Towers Townhomes, IL

How many homes are available in Oakbrook Towers Townhomes, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1512-20.0%

Summary: The Oakbrook Towers Townhomes real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 109
-10.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Oakbrook Towers Townhomes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 10%, 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
42-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Oakbrook Towers Townhomes, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Oakbrook Towers Townhomes in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Oakbrook Towers Townhomes, IL

How long does it take to sell a home in Oakbrook Towers Townhomes, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
35 Days94 Days+170.0%

Summary: Homes in Oakbrook Towers Townhomes had an average of 94 days on market in Nov 2024, up by 170% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Oakbrook Towers Townhomes are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Oakbrook Towers Townhomes; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

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