Is Oakwood, IL 61858 a buyer’s or seller’s market?

The Oakwood housing market right now

In the three months ending August 31, 2026, 20% of homes in Oakwood, IL 61858 sold above their list price, the typical home went under contract in 29 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (39 days then) and the median sale price fell 28% to $169,926. Overall, Oakwood is more competitive than a year ago, so tougher for buyers.

Within Vermilion County, homes here sell faster than in 82% of the county’s ZIP codes, and sell less often over asking than in 65%.

Nearby, buyers who want less competition could look at Sidell 61876 (0% sold over asking) or Potomac 61865 (0% sold over asking), while Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.