Brokers — List your Company Here
Featured local agent — Oreana, IL
Sarah Mitchell
Compass Real Estate · Oreana, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Oreana, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$158,000median sale price
How is the Oreana, IL housing market right now?
The median home sale price in Oreana, IL is $158,000, down 32.8% year-over-year. Homes sell in an average of 44 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Oreana a buyer's or seller's market?
Oreana, IL is currently a seller's market, based on 0.3 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
44
Average pace
Active listings
1
0.3 months supply
Sale-to-list
98.6%
Below asking
What does the Oreana housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $158,000 |
| Year-over-year price change | -32.8% |
| Average days on market | 44 days |
| Active inventory | 1 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $87/sq ft |
| Homes sold (latest month) | 3 |
| Listings with a price cut | 100.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Oreana by property type?
How the Oreana, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $158,000 | $87/sq ft | 3 | 44 days |
| Condo / Co-op | $105,000 | $74/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Oreana housing market is currently classified as a seller's market with a median sale price of $158,000. Prices have fallen 32.8% compared to last year, with homes spending an average of 44 days on market, indicating 0.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.0x provides context for how home values compare to local earning capacity.
Homes for sale in Oreana
There are currently 1 homes listed for sale in Oreana, Illinois.
Active listings
1
Homes on market
Avg. days on market
44
Days until sale
Who lives in Oreana?
Population
1,183
Median income
$93,194/yr
Median age
37.6 years
Owner-occupied
89.7%
College grads
27.5%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Oreana?
Zillow home value
$186,877
Price-to-income
2.0x
Source: Zillow Research
What is it like to live in Oreana?
Oreana is a community of approximately 1K residents with a median age of 37.6 years.The median household income is $93,194, which reflects a relatively affluent area with strong earning potential. 27.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Oreana offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oreana?
1 schools tracked · 462 students
The largest public schools serving Oreana, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Argenta-Oreana Elementary School
Grades PK-5 · 462 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Oreana, IL?
Want a head-to-head view? Compare Oreana side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Oreana?
The median home sale price in Oreana is $158,000, down 32.8% from last year.
How long do homes stay on market in Oreana?
Homes typically spend 44 days on market before going under contract.
What is the median income in Oreana?
The median household income is $93,194 per year.
Is Oreana a buyer's or seller's market?
With 0.3 months of supply, Oreana is currently a seller's market.
What is the Zillow home value estimate for Oreana?
The Zillow Home Value Index (ZHVI) for Oreana is $186,877, representing the typical home value in the area.
What is the median condo price in Oreana?
The median condo/co-op sale price in Oreana, IL is $105,000, compared to $158,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oreana?
The median single-family home price in Oreana, IL is $158,000 (about $87 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Oreana, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Oreana market alerts
Weekly updates on prices, inventory, and trends. Free forever.