Oswego, IL - Home Market is on Fire - March 2021 Activity

By
Managing Real Estate Broker with Heart Realty Group, Inc.. IL-471.002355

If March 2021 is any indication of what the spring real estate market will bring - you can expect multi-offer  situations to be the norm instead of a once in a while situation. 

The numbers speak for themselves with a 43.9% increase in sales from 2020's 41 sold homes to 59 homes in 2021.  Average market time  dropped 45.7% to only 57 days vs 105 days in 2020.  The median Sale Price rose 14.6% to $326K from 2020's $284,369 in March.

 

Current available homes in Oswego, IL as of 4/172021 - 62 total available - the breakdown is as follows:

New - 11  Price Change - 12  Active - 25 - Active PLN - 14 = Total Active - 62

Under Contract - 124

Pending - 5 (1 PL)

 

With more homes under contract than in current inventory buyers need  to be on their toes with strong pre-approvals and little to no requests for Seller Concessions to get the home they really want.  

 

Wondering if you are ready to jump into today's real estate market?  Give me a call so I can advise you on the best way to achieve your dreams of owning your own home!

 

 

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

Comments (3)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great informaiton, thanks for sharing.  I hope you have a great day.

Apr 18, 2021 03:02 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your Oswego, IL market update with us Evelyn. Buyers & sellers in your area would benefit from your services. Have a wonderful day!

Apr 19, 2021 02:24 PM