Is Oriole Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oriole Park is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Oriole Park was a Neutral Market.

Key Takeaway

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

Housing Prices in Oriole Park, IL

How much do homes in Oriole Park, IL cost?

Median Sold Price

$385,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+13.2%)

Key Takeaway

Homes in Oriole Park have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Oriole Park was $385,000 in October 2024, up 13.2% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $171K$180K
+5.3%
2 $275K$303K
+10.2%
3 $343K$417.5K
+21.7%
4 $510K$525K
+2.9%
5+ $581.4K$530K
-8.8%

Summary: Oriole Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Neighborhoods

Union Ridge
+15.1%
Oriole Park
+13.2%
Norwood Park West
+9.8%
Norwood Park
+8.0%
Big Oaks
+2.5%

Housing Supply in Oriole Park, IL

How many homes are available in Oriole Park, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1819+5.6%

Summary: The Oriole Park real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1210
-16.7%
3 36
+100.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Oriole Park 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 16.7%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
94-55.6%

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 Oriole Park, 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 Oriole Park in October 2024, down by 55.6% 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 Oriole Park, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days90 Days+119.5%

Summary: Homes in Oriole Park had an average of 90 days on market in Oct 2024, up by 119.5% 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 Oriole Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Oriole Park; 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 22 Days Ago

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