Is Oak Brook, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oak Brook was a Seller's Market.
Housing Prices in Oak Brook, IL
How much do homes in Oak Brook, IL cost?
Median Sold Price
$775,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Brook was $775,000 in April 2024, up 2.2% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165.5K | $150K | -9.4% |
2 Bedrooms | $497.5K | $409K | -17.8% |
3 Bedrooms | $680K | $700K | +2.9% |
4 Bedrooms | $920K | $1.2M | +30.4% |
5+ Bedrooms | $1.1M | $1.3M | +18.6% |
Summary: Oak Brook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Hillside | $250K | $257K | +2.8% |
York Township | $365K | $375K | +2.7% |
Oak Brook | $758.5K | $775K | +2.2% |
Westmont | $345K | $345K | 0.0% |
Oakbrook Terrace | $420.1K | $410K | -2.4% |
Housing Supply in Oak Brook, IL
How many homes are available in Oak Brook, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 72 | +35.8% |
Summary: The Oak Brook real estate market had 72 homes for sale in April 2024, a 35.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 15 | 24 | +60.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Oak Brook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Oak Brook in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oak Brook, IL
How long does it take to sell a home in Oak Brook, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 18 Days | -70.2% |
Summary: Homes in Oak Brook had an average of 18 days on market in Apr 2024, down by 70.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Oak Brook; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.