Is Oregon, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oregon is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Oregon 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 Oregon, IL

How much do homes in Oregon, IL cost?

Median Sold Price

$190,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,000(-2.6%)

Key Takeaway

Homes in Oregon have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Oregon was $190,000 in October 2024, down 2.6% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $77K$137.5K
+78.6%
2 $119.9K$227K
+89.3%
3 $172.5K$179.7K
+4.2%
4 $254.5K$216K
-15.1%
5+ $394.5K$550K
+39.4%

Summary: Oregon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 89.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 39.4%.

Median Sold Price Compared To Nearby Cities

Oregon-Nashua Township
+12.2%
Oregon
-2.6%

Housing Supply in Oregon, IL

How many homes are available in Oregon, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3220-37.5%

Summary: The Oregon real estate market had 20 homes for sale in October 2024, a 37.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 86
-25.0%
3 1610
-37.5%
4 73
-57.1%
5+ 00
0.0%

Summary: The Oregon 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 decreased by 25%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
163-81.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oregon, 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 Oregon in October 2024, down by 81.3% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Oregon, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days7 Days-53.7%

Summary: Homes in Oregon had an average of 7 days on market in Oct 2024, down by 53.7% compared to last year.

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 Oregon are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Oregon; 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 20 Days Ago

Newest Listings in Oregon, IL

Nearby Markets to Oregon, IL

What housing markets are near Oregon, IL?