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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakwood Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Oakwood Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oakwood Township, IL

How much do homes in Oakwood Township, IL cost?

Median Sold Price

$148,000

-

Based on all homes sold in December 2024.

Difference Since Last Month

-$1,200(-0.8%)

Key Takeaway

Homes in Oakwood Township have sold for 0.8% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $88.4K-
N/A
3 $82.5K$271.5K
+229.1%
4 $260K$148K
-43.1%
5+ $242.5K-
N/A

Summary: Oakwood Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 229.1%, 4 bedroom homes decreased by 43.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Oakwood
+82.0%
Oakwood Township
-0.8%
Catlin Township
-6.6%
Fithian
-32.7%

Housing Supply in Oakwood Township, IL

How many homes are available in Oakwood Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1512-20.0%

Summary: The Oakwood Township real estate market had 12 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 66
0.0%
4 22
0.0%
5+ 21
-50.0%

Summary: The Oakwood Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Oakwood Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Oakwood Township in December 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Oakwood Township, IL

How long does it take to sell a home in Oakwood Township, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
30 Days4 Days-87.0%

Summary: Homes in Oakwood Township had an average of 4 days on market in Dec 2024, down by 87% compared to last month.

Breakdown of Home Sale Times

3 Homes Were 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 Oakwood Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in Oakwood 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 4 Days Ago

Newest Listings in Oakwood Township, IL

Nearby Markets to Oakwood Township, IL

What housing markets are near Oakwood Township, IL?