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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Oswego has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oswego, IL

How much do homes in Oswego, IL cost?

Median Sold Price

$385,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+5.5%)

Key Takeaway

Homes in Oswego have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Oswego was $385,000 in November 2024, up 5.5% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $116.2K$125K
+7.5%
2 $257.5K$277.4K
+7.7%
3 $318K$350.5K
+10.2%
4 $430K$454.1K
+5.6%
5+ $477K$540K
+13.2%

Summary: Oswego housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13.2%.

Median Sold Price Compared To Nearby Cities

Bristol Township
+10.8%
Oswego
+5.5%
Montgomery
+4.0%
Oswego Township
+3.9%

Housing Supply in Oswego, IL

How many homes are available in Oswego, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139135-2.9%

Summary: The Oswego real estate market had 135 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 2524
-4.0%
3 4944
-10.2%
4 5253
+1.9%
5+ 99
0.0%

Summary: The Oswego housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3148+54.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Oswego in November 2024, up by 54.8% month-over-month. Of the 48 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.

Days on Market for Oswego, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days28 Days+65.4%

Summary: Homes in Oswego had an average of 28 days on market in Nov 2024, up by 65.4% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oswego are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 48 homes were sold in Oswego; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% 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 21 Days Ago

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