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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oswego Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Oswego Township, IL

How much do homes in Oswego Township, IL cost?

Median Sold Price

$350,250

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,103(+3.0%)

Key Takeaway

Homes in Oswego Township have sold for 3% more than they did a year ago.

Summary: The median home sold price in Oswego Township was $350,250 in April 2024, up 3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $97.5K$115K
+17.9%
2 $230K$260K
+13.0%
3 $305.9K$306K
0.0%
4 $436.1K$460K
+5.5%
5+ $485K$532.7K
+9.8%

Summary: Oswego Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 13%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Cities

Aurora Township
+20.4%
Bristol Township
+7.9%
Oswego Township
+3.0%
Oswego
+2.5%
Montgomery
-3.2%

Housing Supply in Oswego Township, IL

How many homes are available in Oswego Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
184193+4.9%

Summary: The Oswego Township real estate market had 193 homes for sale in April 2024, a 4.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 13
+200.0%
2 3335
+6.1%
3 7163
-11.3%
4 6073
+21.7%
5+ 1919
0.0%

Summary: The Oswego Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6858-14.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oswego Township, you could pay more than the asking price. 53.4% of homes here sold above asking price last month.

Summary: A total of 58 homes were sold or pending in Oswego Township in April 2024, down by 14.7% month-over-month. Of the 58 sold homes, 34% were sold under asking, 12% were sold at asking, and 53% were sold over asking.

Days on Market for Oswego Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
17 Days15 Days-10.2%

Summary: Homes in Oswego Township had an average of 15 days on market in Apr 2024, down by 10.2% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 58 homes were sold in Oswego Township; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% 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 27 Days Ago

Newest Listings in Oswego Township, IL

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