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Foreclosure Homes in Oakwood, IL

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Oakwood, IL Foreclosures

Current Market Conditions in in Oakwood, IL As of February 2026?
Over the past month, the real estate market in Oakwood, IL has shown signs of healthy activity, with an uptick in home showings and inquiries. Inventory levels have remained stable, although new listings have started to trickle in as homeowners are motivated to sell as interest rates slightly decline. Average home prices are holding steady, while the days on market have seen a slight decrease, indicating a competitive landscape for potential buyers.
How much do homes sell for in Oakwood, IL?
The average home price is currently $166,564.
In Oakwood, IL, how many homes are available?
There are currently 1 active home listings available in Oakwood.
What’s the average rental cost in Oakwood, IL?
The average rental price in Oakwood is $1,080.
What is the most expensive home in Oakwood?
The most expensive home sold in Oakwood had a price of $778,827.
What is currently the cheapest priced home in Oakwood, IL?
The cheapest home for sale in Oakwood is priced at $10,034.

Living in Oakwood, IL

Oakwood, IL is a charming village nestled in Vermilion County that offers a friendly community atmosphere and a peaceful lifestyle. With top-rated schools and several parks, it is an ideal location for families and outdoor enthusiasts. The village maintains a balance of rural charm while being conveniently located near urban amenities.

Buyer vs Seller Market in Oakwood, IL

The real estate market in Oakwood has been stable, with a steady demand for both rental and purchase properties. The average home prices have seen modest growth over the past few years, indicating a healthy market. Buyers are particularly looking for single-family homes, which are popular among families and retirees alike.

Recent trends show a slight increase in interest for properties in Oakwood, with many young families moving in seeking a quiet rural lifestyle while retaining accessibility to nearby urban centers. This trend reflects a growing acknowledgment of Oakwood's appeal as a family-oriented community.

Home Value Estimator For Oakwood, IL

There are currently 1,244 real estate properties in Oakwood, IL, with a median automated valuation model (AVM) price of $148,598.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oakwood, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Oakwood, IL, is $166,564.00, with the most expensive house in Oakwood, IL, topping out at $778,827.00 and the cheapest home in Oakwood, IL, clocking in at $10,034.00. In other words, there’s something for every potential homebuyer or savvy investor in Oakwood, IL!

Rent Prices In Oakwood, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oakwood, IL, is on a rollercoaster ride. The average rent price in Oakwood, IL, is $1,080.00. Indeed, when looking to rent in Oakwood, IL, you can expect to pay as little as $570.00 or as much as $1,970.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Oakwood, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Oakwood, IL Foreclosures

Market Trend for Oakwood, IL

Total Listings Available: 1

Market Values:

Home Prices from $10,034 to $778,827

Average Sales Price: $166,564

Rental Values:

Rental from $570 to $1,970

Average Rent Value: $1,080 / month

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