By any chance did you get a marketing piece saying home prices are up 20% in some areas? Well, as much as I would love to say that Oswego IL home prices appreciated that much the truth is a bit different.
According to YTD 2015 market statiscs put out by MRED (local MLS) home prices in Oswego IL only rose 2.7% on average from 2014's $243,929 to YTD 2015 price of $250,574. The median homeprice only rose 2% to a 2015 high of $244,750 from 2014's $239,900.
We did have a higher increase in actual closed home sales - up 8.8% to 530 single family detached homes from 2014's 487 units. With much newer housing stock due to the housing increase before the market implosion of 2007 prices are higher in Oswego and of course, Kendall County Taxes leave a lot to be desired due to lack of manufacturing/commercial companies to help offset property tax revenue.
So where did home prices appreciate 20%? Look no further to than Illinois' 2nd city, Aurora, IL !
Are you thinking of selling your Oswego, IL home? Need an honest home valuation? Contact Heart Realty Group and let's get a jump on the spring market!