As winter's freezing temperatures settle in let's take a few minutes to reflect on the single family housing market in Oswego, IL. The good news is that compared to 2015 Oswego, IL home sales were much higher!
For homes in the $300k and under category there were 454 closed transactions in 2016 compared to 424 in 2015! The lowest priced home that sold in Oswego in the single family categoyr was a foreclosure for $81K with 4 bedrooms 2 bths and aprx. 1,560 sq. ft.
In the 301K and over category there were 152 closed transactions in 2016 compared to only 106 in 2015! Good news for those that have homes in the upper price ranges in Oswego, IL. The highest priced home was a home that sold for $895K with 5 BR, 5.25 Baths and aproximately 10,155 sq. ft. Second highest was a foreclosure for $875K at aproximately 6,105 sq. ft. Someone got a great bargain!
With a total of 606 closed sales in 2016 vs 530 in 2015, Oswego, IL home sales continued to show a strong market which is great for sellers!
Currently we have the following inventory:
Active - 104
Price Changes - 3
Reactived - 1
New - 8
Homes that are under contract:
Contingent - 41
Pending - 6
We currently have 3.8 months of inventory compared to the same time period in 2015 where there was 6.8 months of inventory!
If you live in Oswego, IL and are thinking of selling or buying in my hometown - give me a call and let's get your home search started today! With limited inventory expect those areas that are a favorite of buyers to have multiple offers in the Spring. Why wait? Start today!