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Oak Hills Housing Market Report June 2025•Lake County, Illinois

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Housing Prices in Oak Hills, IL

How much do homes in Oak Hills, IL cost?

Housing Market Conditions

Is Oak Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Oak Hills is a Seller's Market

Difference Since May 2025

Last month, Oak Hills has remained a Seller's Market.

Insight

Oak Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$925,000$266/SqFt
-$25,000
-2.6%

Based on all homes sold in June 2025

Insight

Homes in Oak Hills have sold for 2.6% less than they did a month ago.

Summary: The median home sold price in Oak Hills was $925,000 in June 2025, down 2.6% from last month, and the median price per square foot was $266.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Royal Melbourne
+29.3%
Oak Hills
-2.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2025Jun 2025Change MoM
1--
N/A
2--
N/A
3-$772.5K
N/A
4-$925K
N/A
5$950K$1.3M
+36.8%

Summary: Oak Hills housing price by bedroom type for June 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +36.8%.

How does Oak Hills, IL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Oak Hills, IL

Housing supply in Oak Hills, IL

How many homes are available in Oak Hills, IL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthJun 2025
42 months agoMay 2025
-25.0 %
Change MoMMay – Jun

Summary: The Oak Hills real estate market had 3 homes for sale in Jun 2025, a 25.0 % decrease compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthJun 2025
12 months agoMay 2025
+200.0 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
100
0.0%
200
0.0%
311
0.0%
411
0.0%
521
-50.0%

Summary: Oak Hills housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in Oak Hills, IL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Oak Hills, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Oak Hills in June 2025, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and and 67% were sold over asking.

Days on Market for Oak Hills, IL

How long does it take to sell a home in Oak Hills, IL?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Oak Hills are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 3 homes were sold in Oak Hills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
6 DaysLast MonthJun 2025
36 Days1 month agoMay 2025
-82.4 %
Change MoMMay – Jun

Summary: Homes in Oak Hills had an average listing age of 6 days in Jun 2025, down by 82.4% compared to the previous month.

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Newest Listings in Oak Hills, IL

What homes are available in Oak Hills, IL?

New listings aren’t available for Oak Hills, IL

Nearby markets

Nearby markets aren't available for Oak Hills, IL

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