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OAKWOOD, IL 61858

Real Estate Market Report  ·  Vermilion County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The OAKWOOD, IL real estate market (61858) currently shows 3 active listings, with 2 pending sales. Homes are averaging 243 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 243 days on market compared to 91 days last year.

The median listing price has fallen 83.3% year-over-year, from $300,000 to $50,000.

Whether you are buying or selling in OAKWOOD, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,797  ·  Density: 37.4/mi²  ·  Median household income: $64,375

Typical home value: $121,300  ·  Homeownership: 84.5%

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
2
67% pending ratio
Median Price
$50,000
⇩ 83.3% vs $300,000 last year
Average Price
$50,000
⇩ 84.6% vs $325,000 last year
Days on Market
243
⇧ 167% vs 91 days last year

Price Per Square Foot

Median $/sqft
$83
⇩ 68.1% vs $260/sqft last year
Median Home Size
600 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 243 now vs 91 last year

Median & Average Pricing

Year over Year
  • Median: $50,000 (-83.3% YoY)
  • Average: $50,000 (-84.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.6 miles — 58 listings ($11,095,549 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61858Oakwood, IL 618580.0 mi5$812,250$162,450$162,450
61834Danville, IL 618346.9 mi5$887,500$177,500$177,500
61817Catlin, IL 618177.4 mi6$1,082,580$182,975$180,430
61859Ogden, IL 6185910.5 mi2$742,600$454,900$371,300
61865Potomac, IL 6186512.0 mi2$402,966$199,000$201,483
61814Bismarck, IL 6181412.4 mi5$623,415$121,475$124,683
61846Georgetown, IL 6184613.4 mi10$1,057,540$74,000$105,754
61873Saint Joseph, IL 6187314.5 mi9$2,707,128$288,725$300,792
47974Perrysville, IN 4797416.6 mi2$534,000$267,000$267,000
60963Rossville, IL 6096317.4 mi4$617,668$134,450$154,417
61847Gifford, IL 6184718.2 mi2$322,000$161,000$161,000
61877Sidney, IL 6187719.1 mi4$857,268$210,850$214,317
47991West Lebanon, IN 4799119.6 mi2$448,634$199,500$224,317

Frequently Asked Questions

How many homes are for sale in OAKWOOD, IL 61858?

As of March 2026, there are 3 active listings in OAKWOOD, IL (zip code 61858), compared to 4 the prior year.

What is the median home price in OAKWOOD, IL 61858?

The median listing price in OAKWOOD, IL 61858 is $50,000 as of March 2026, a 83.3% decrease from $300,000 the prior year.

How long do homes stay on the market in OAKWOOD, IL?

Homes in OAKWOOD, IL 61858 spend an average of 243 days on the market before going under contract, compared to 91 days the prior year.

Is it a seller's or buyer's market in OAKWOOD, IL 61858?

Based on current inventory and days-on-market data as of March 2026, OAKWOOD, IL 61858 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 243 days on market compared to 91 days last year.

How much can I save on real estate commission in OAKWOOD, IL?

With SELL123.com's maximum 3% commission, sellers in OAKWOOD, IL 61858 save an estimated $1,000 compared to a typical 5% commission on the median listing price of $50,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.