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Featured local agent — Oakford, IL
Sarah Mitchell
Compass Real Estate · Oakford, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oakford, IL Housing Market
The typical home in Oakford, IL is worth $160,457, rose 4.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $110,000 (through May 2026). With homes going under contract in about 19 days, Oakford is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $160,457 home is about $857/mo in principal and interest.
Key numbers for Oakford, IL
Typical home value
$160,457
+4.7% in 12 months
Zillow, August 2026
Median sale price
$110,000
Last published period
Redfin, through May 2025
Days on market
19
Fast-moving
Redfin, through May 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,813
Home costs 2.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through May 2025
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Oakford a buyer's or seller's market?
Oakford, IL is a balanced market and homes selling in about 19 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Oakford housing market data show?
Every row below is Redfin's final published month for Oakford, IL. Redfin, through May 2025
| Metric | Value |
|---|---|
| Median sale price | $110,000 |
| Median price per sq ft | $65/sq ft |
| Median days on market | 19 days |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Oakford is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Oakford is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Oakford home prices moved?
Across the 11 months we hold for Oakford, IL, the median sale price rose 0.7%, from $109,250 in April 2021 to $110,000. The live Zillow value series has rose 4.7% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through May 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Oakford?
Priced off the typical home value of $160,457 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $32,091 | $128,366 | $857/mo |
| 5% | $8,023 | $152,434 | $1,017/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $857, that implies roughly $36,712 a year before you add taxes and insurance. The median household in Oakford earns $65,813, about $29,101 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Oakford in the next 12 months?
Tell us your timeline. We send the Oakford market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Oakford?
Zillow does not publish a rent index (ZORI) for Oakford, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Oakford?
Active listings in Oakford, IL went from 1 in September 2022 to 2 in September 2024, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| September 2022 | 1 | not published |
| August 2024 | 2 | 3 |
| September 2024 | 2 | not published |
Redfin, through September 2024
How does Oakford compare to Illinois and the U.S.?
Oakford homes sell for $110,000 — 67% below the Illinois median of $337,900. Against the national median of $410,700, Oakford runs 73% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Oakford, IL | $110,000 | not published | 19 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Oakford
What buyers should watch
- The gap between 5% and 20% down here is $161 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $160,457 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Oakford listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Your equity moved +4.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Oakford varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Oakford
Explore homes currently listed for sale in Oakford, Illinois across major real estate platforms.
How much do homes cost in Oakford by property type?
How the Oakford, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $110,000 | $65/sq ft | 1 | 19 days |
Who lives in Oakford?
American Community Survey estimates for Oakford. U.S. Census ACS, 2023
Population
258
Households
103
Median income
$65,813/yr
Median age
33.3 years
Owner-occupied
84.5%
Median home value
$101,900
Median gross rent
$833/mo
Mean commute
33.6 min
84.5% of occupied homes in Oakford are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $101,900 against Zillow's $160,457 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Oakford, IL?
Ordered by distance from Oakford, not by size. Compare Oakford side by side with any of them.
Oakford housing market FAQ
Is Oakford a buyer's or seller's market?
Oakford, IL is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Oakford?
The typical home in Oakford, IL is worth $160,457 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $110,000, about $65 per square foot.
Is Oakford cheaper than the rest of Illinois?
Oakford's median sale price of $110,000 is 67% lower than the Illinois statewide median of $337,900, and 73% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Oakford?
Homes in Oakford, IL spent a median of 19 days on market before going under contract, versus 43 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Oakford?
At the current 30-year fixed rate of 7.03%, 20% down on a $160,457 home is about $857 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $36,712 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,813.
Are home prices rising in Oakford?
The typical home value in Oakford, IL rose 4.7% over the last 12 months, from $153,246 to $160,457 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Oakford?
Oakford ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Oakford?
That depends on your timeline, not on a headline. What the data says today: Oakford, IL is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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