O'Fallon, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in O'Fallon, IL is $356,000, up 7.9% year-over-year. Homes sell in an average of 54 days with 89 active listings. The market is currently a balanced market.
$356,000median sale price
Is O'Fallon a buyer's or seller's market?
O'Fallon, IL is currently a balanced market, based on 3.7 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
54
Average pace
Active listings
89
3.7 months supply
Sale-to-list
99.7%
Below asking
O'Fallon, IL market data
| Metric | Value |
|---|---|
| Median sale price | $356,000 |
| Median list price | $382,500 |
| Year-over-year price change | +7.9% |
| Average days on market | 54 days |
| Active inventory | 89 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 99.7% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The O'Fallon housing market is currently classified as a balanced market with a median sale price of $356,000. Prices have risen 7.9% compared to last year, with homes spending an average of 54 days on market, indicating 3.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in O'Fallon
There are currently 89 homes listed for sale in O'Fallon, Illinois. The median listing price is $383K.
Active listings
89
Homes on market
Median list price
$383K
Avg. days on market
54
Days until sale
New this week
52
Newly listed
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Frequently asked questions
What is the average home price in O'Fallon?
The median home sale price in O'Fallon is $356,000, up 7.9% from last year.
How long do homes stay on market in O'Fallon?
Homes typically spend 54 days on market before going under contract.
Is O'Fallon a buyer's or seller's market?
With 3.7 months of supply, O'Fallon is currently a balanced market.
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