Oswego, IL February 2022 SF Home Prices Increased 14%!

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

Despite February being a short month, there were 21 homes sold in 2022.   Compared to 2021's 34 sold homes, its obvious the lack of inventory with a drop of 38.2% from last year.  Homes that sold  over list  price were 55.8% of closed transactions.  Multi-offers are still strong and buyers have to be ready to put their best offers in.  

There was a slight increase of days on market of 2.3% to 45 days from last year's 44 days on the market.  Sellers will be happy to know that prices appreciated *14% to $385,548 from 2021's $338,125.

Currently there are only 30 available single family detached homes with 67 listings under contract.  These homes should close within the next 30-45 days unless they are new construction homes which can take anywhere from 3 to 6 months to be built.

Still a seller's market but only if the seller has a plan in place on where they will live once their home sells.  Downsizing?  Moving out of state?  Retiring?  Renting?  Moving in with family members?  Whatever your situation, have a plan before you put your home on the market.  Then call your favorite realtor...me, me, me!


*Updated 3/22/22 with official MRED numbers published 3/4/22.

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

Comments (1)

Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Evelyn,
Thank you for sharing the real estate information.
Buyers and sellers in your area will benefit from your expertise.
Wishing you continued success.

Mar 09, 2022 04:52 AM