Oswego, IL December 2022 Home Market Report

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

With all the Christmas decorations put away and holiday memories starting to fade let's look at the unofficial numbers for Oswego, IL single family home sales in December 2022:

Closed Transactions - 42

There were 48 closed transactions in December of 2021 as a comparison.  Considering the interest rate hike sales were not that bad.

The breakdown of how prices ended up:

List Price - 7

Over  List Price - 7

Less Than List Price - 18

The slowdown continues as buyers stand back or out priced with current interest levels over 6.5% despite several weeks of interest rate declines.

There are currently 43 available single detached homes available:

New Listings - 7

Reactivated - 1

Price  Change - 1

There are 10 Private Listings* in various showing availability.

Homes under contract: 32

Pending: 1

Closed - January 1 to January 8 - Zero

The continued interest rate hikes and the seasonal slow down has iced buyer motivation just like the polar vortex iced the population.

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

Comments (1)

Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your market update with us. Buyers & sellers in your area would benefit from your services. Have a great day!


Jan 17, 2023 08:23 AM
Evelyn Santiago, Managing Broker Heart Realty Group, Inc.


Thanks for taking time to comment on my post.  Wishing you a great 2023 selling year!

Jan 24, 2023 06:59 AM