Is Oglesby, IL 61348 a buyer’s or seller’s market?
Oglesby is a seller’s market. With about 3.4 months of supply and 15% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Oglesby housing market right now
In the three months ending August 31, 2026, 15% of homes in Oglesby, IL 61348 sold above their list price, the typical home went under contract in 40 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 35%, homes sold faster (43 days then) and the median sale price held steady to $149,935. Overall, Oglesby is less competitive than a year ago, which gives buyers more room.
Within LaSalle County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in 59%.
Nearby, buyers who want less competition could look at Wenona 61377 (0% sold over asking) or Utica 61373 (0% sold over asking), while Millington 60537 (100% sold over asking) and Sheridan 60551 (60% sold over asking) are even more competitive.
Run the numbers for 61348
Nearby markets
Cedar Point 61316Seller’s market $46 /sq ftDana 61321 — /sq ftEarlville 60518Seller’s market $162 /sq ftGrand Ridge 61325 — /sq ft Browse all markets →Towns like Oglesby nearby
Find towns like Oglesby in other states →Where Oglesby is
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Questions about Oglesby real estate
Is Oglesby a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Oglesby, IL 61348 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Oglesby?
The typical home went under contract in 40 days in the latest three months.
Do homes in Oglesby sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Oglesby?
About 2.11% of a home’s value a year in LaSalle County, or roughly $8,440 on a $400,000 home.
What is the median home price in Oglesby?
The median sale price was $149,935 in the three months ending August 31, 2026, about $143 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology