The Oak Ridge housing market is very competitive. The median sale price of a home in Oak Ridge was $91K last month, up 15.4% since last year. The median sale price per square foot in Oak Ridge is $44, down 15.4% since last year.
What is the housing market like in Oak Ridge today?
In October 2024, Oak Ridge home prices were up 15.4% compared to last year, selling for a median price of $91K. On average, homes in Oak Ridge sell after 31 days on the market compared to 29 days last year. There were 6 homes sold in October this year, down from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$91,200
+15.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Oak Ridge, IL
$91,200
+15.4%
United States
To compare other locations to the Oak Ridge and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Springfield add value to a home.
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How hot is the Oak Ridge housing market?
Oak Ridge is very competitive. Homes sell in 18 days.
0
100
75
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 18 days.
Hot homes
can sell for about 2% above list price and go pending in around 4 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
96.7%
-1.4 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Oak Ridge housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Oak Ridge.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Oak Ridge has a minor risk of flooding. 61 properties in Oak Ridge are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Oak Ridge. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Oak Ridge has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Oak Ridge is most at risk from hurricanes. 1,649 properties in Oak Ridge have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 46 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 58 mph.