Foreclosure Homes in Oakwood, IL 61858

Current Market Conditions in Oakwood, IL

As of late 2023, Oakwood's real estate market remains stable, with a slight increase in property values due to the village's charm and affordable housing prices. The demand for homes has seen a steady rise as more people look for idyllic small-town living while maintaining access to nearby urban hubs.

Factors such as low interest rates and a variety of housing options have contributed to a healthy market. Homes in Oakwood are often sold quickly, reflecting a growing interest in suburban living.

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.