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OAKWOOD, IL 61858

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

Market Overview

Active Listings
5
⇩ 28.6% vs 7 last year
Pending
2
40% pending ratio
Median Price
$151,250
⇩ 55.2% vs $337,500 last year
Average Price
$146,733
⇩ 56.5% vs $337,500 last year
Days on Market
116
⇧ 132% vs 50 days last year

Market Context

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

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

Market Analysis

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

The OAKWOOD, IL real estate market (61858) currently shows 5 active listings, with 2 pending sales. Homes are averaging 116 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 116 days on market compared to 50 days last year.

The median listing price has fallen 55.2% year-over-year, from $337,500 to $151,250.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 7 last year
  • Days on market: 116 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $151,250 (-55.2% YoY)
  • Average: $146,733 (-56.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.9 miles — 126 listings ($21,765,329 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61858Oakwood, IL 618580.0 mi5$733,665$151,250$146,733
61833Tilton, IL 618336.6 mi6$551,760$59,900$91,960
61832Danville, IL 618327.0 mi57$7,388,625$75,400$129,625
61841Fairmount, IL 618417.9 mi1$83,450$83,450$83,450
61859Ogden, IL 6185910.5 mi3$988,500$329,500$329,500
61865Potomac, IL 6186512.0 mi1$86,425$86,425$86,425
61814Bismarck, IL 6181412.4 mi4$485,700$112,950$121,425
61846Georgetown, IL 6184613.4 mi10$1,122,120$83,500$112,212
61873Saint Joseph, IL 6187314.5 mi14$3,362,996$240,000$240,214
61876Sidell, IL 6187616.1 mi1$154,900$154,900$154,900
61810Allerton, IL 6181017.3 mi1$430,000$430,000$430,000
61870Ridge Farm, IL 6187017.6 mi2$226,666$120,000$113,333
47932Covington, IN 4793218.9 mi21$6,150,522$269,000$292,882

Frequently Asked Questions

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

As of January 2026, there are 5 active listings in OAKWOOD, IL (zip code 61858), compared to 7 the prior year.

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

The median listing price in OAKWOOD, IL 61858 is $151,250 as of January 2026, a 55.2% decrease from $337,500 the prior year.

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

Homes in OAKWOOD, IL 61858 spend an average of 116 days on the market before going under contract, compared to 50 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 January 2026, OAKWOOD, IL 61858 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 116 days on market compared to 50 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 $3,025 compared to a typical 5% commission on the median listing price of $151,250. 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.