Is Oakford, IL 62673 a buyer’s or seller’s market?
Oakford is a seller’s market. With about 1.6 months of supply and 50% 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 Oakford housing market right now
In the three months ending August 31, 2026, 50% of homes in Oakford, IL 62673 sold above their list price, the typical home went under contract in 3 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold about as fast and the median sale price fell 72% to $99,457. Overall, Oakford is less competitive than a year ago, which gives buyers more room.
Within Menard County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Tallula 62688 (0% sold over asking) or Greenview 62642 (0% sold over asking).
Run the numbers for 62673
Nearby markets
Athens 62613Seller’s market $141 /sq ftGreenview 62642Buyer’s market $119 /sq ftPetersburg 62675Seller’s market $133 /sq ftTallula 62688Balanced $53 /sq ft Browse all markets →Where Oakford is
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Questions about Oakford real estate
Is Oakford a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Oakford, IL 62673 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 Oakford?
The typical home went under contract in 3 days in the latest three months.
Do homes in Oakford sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What are property taxes in Oakford?
About 1.72% of a home’s value a year in Menard County, or roughly $6,880 on a $400,000 home.
What is the median home price in Oakford?
The median sale price was $99,457 in the three months ending August 31, 2026, about $92 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