Real estate in Oswego is centered on three main areas - the Boulder Hill area, the downtown area along the Fox River and farther east near the intersection of Douglas Road and Wolf's Crossing. The Boulder Hill area features nearly 4,000 homes and is shared by the three communities of Aurora, Oswego and Montgomery. Homes in this area started being built in the 1950's and new homes continue to be added to this day. Real estate in the downtown section of Oswego along the Fox River features many older homes dating back to the turn-of-the-century. Due to the separate periods of development this community has seen, there is a wide range of homes available to home buyers searching for real estate in Oswego.
Oswego Illinois is another "river city" founded because of its aid to early transportation. Oswego was founded in 1833 at a spot where Waubonsee Creek enters the Fox River and a limestone shelf provided early travelers a natural ford. William Smith Wilson moved his family to the area in 1833 and, along with his brother-in-law Daniel Pearce became the first settlers. Originally named Hudson by the settlers, this name was rejected by the U.S. Postal Service which labeled the area Lodi in 1837. After dispute, the village was renamed Oswego (a Mohawk Indian word meaning "mouth of the stream"). The village remained a small, but important agricultural and transportation hub until the 1950's when Caterpillar, Inc. and Western Electric decided to build facilities in the area. That kicked off a small population boom which fueled the development and construction of the Boulder Hill subdivision near the corner of Route 30 and US-25 in unincorporated Oswego Township. In the 1980's and 1990's development spread south from neighboring Aurora and west from neighboring Naperville and Oswego entered a second development boom and began annexing nearby areas, including part of the Boulder Hill Subdivision.
Oswego remains one of the fastest-growing communities in the Chicagoland area. The village is constantly struggling to maintain its small-town atmosphere in the midst of rapid growth. New subdivisions continue to appear - most recently in the eastern part of the village along Douglas Road and Wolf's Crossing. This community is often overlooked due to the presence of its larger neighbors, Aurora and Naperville. But the Village of Oswego remains an important community and transportation hub where several major thoroughfares intersect.
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