December 2021 Oswego Home Sales Lower than 2020

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

Oswego, IL detached single family home sales in December 2021, were only 1 short to match 2020's sales of 46 - only 45 closed sales.   The YTD numbers were much better  with 659 closed in 2021 compared to 650 in the previous year.  The lowest priced home in 2021 was a 2 bedroom 1 bath with 1,029 sq. feet at $135K and the highest home was a 6 bedroom, 7.1 bath home at 6,150 sq. ft. on 3 acres for $1,500,000.  In 2020, the lowest priced home was a 3 bedroom 1 bath at 1,456 sq. ft that sold for $82,500 and the highest priced home was a 6 bedroom, 4.1 bath, 4,000 sq. ft. on 2.1227 acres for $785,000.   The numbers speak for themselves as the price appreciation this  past year surpasses 2020's by a longshot.

Currently, inventory stands at a low of only 37 active listings, with 2 of those in "new" status and only 1 in "reactivated" status.  There are currently 41 homes under contract and another 5 in "pending" status.  Hopefully, inventory levels will rise as homeowners return from their holiday vacations and return to  their jobs  in the next week or so.

With interest rates suppose to increase in upcoming months per the Federal Reserve, home buyers should start earlier than the spring market to take advantage of the current rates.  Ready to start your real  estate journey?  Give us a call and let's get the ball rolling!  

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

Comments (1)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Helo Evelyn and Thanks for your market report to share with us here in the Rain.  Make it a Great 2022!

Jan 05, 2022 12:33 PM