Is Oswego Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oswego Township has remained a Seller's Market.
Housing Prices in Oswego Township, IL
How much do homes in Oswego Township, IL cost?
Median Sold Price
$354,833
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oswego Township was $354,833 in May 2024, up 4.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $116.2K | +15.1% |
2 Bedrooms | $235K | $259.9K | +10.6% |
3 Bedrooms | $300K | $310K | +3.3% |
4 Bedrooms | $434.2K | $460K | +5.9% |
5+ Bedrooms | $490K | $524.5K | +7.0% |
Summary: Oswego Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Aurora Township | $249.9K | $295K | +18.0% |
Bristol Township | $313.4K | $349.9K | +11.7% |
Oswego | $354.9K | $373.7K | +5.3% |
Oswego Township | $339.9K | $354.8K | +4.4% |
Montgomery | $289.9K | $283K | -2.4% |
Housing Supply in Oswego Township, IL
How many homes are available in Oswego Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
197 | 223 | +13.2% |
Summary: The Oswego Township real estate market had 223 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 34 | 33 | -2.9% |
3 Bedrooms | 63 | 80 | +27.0% |
4 Bedrooms | 77 | 85 | +10.4% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Oswego Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 65 | +4.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Oswego Township in May 2024, up by 4.8% month-over-month. Of the 65 sold homes, 34% were sold under asking, 17% were sold at asking, and 49% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 18 Days | +48.5% |
Summary: Homes in Oswego Township had an average of 18 days on market in May 2024, up by 48.5% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 65 homes were sold in Oswego Township; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.