Oakwood Hills Housing Market Update: Prices Up, Limited Sales Activity

Home values in Oakwood Hills continue to trend higher, even as the number of recent sales remains limited.

Top takeaways

• Typical home value around $337,000, up 4.7% year over year (through Feb. 28, 2026).
• February median sale price reported at $530,000, with only one home sold.
• Homes averaging about 46 days on market in a very competitive environment.

Market snapshot

According to Zillow’s Home Value Index, the typical home value in Oakwood Hills was $336,571 as of February 28, 2026, a 4.7% increase from a year earlier. That places current values near $337,000 when rounded.

Redfin data for February 2026 shows a median sale price of $530,000, up sharply from a year ago, though based on just one closed sale. The median price per square foot was reported at $422. Homes averaged about 46 days on market, and the area is rated ‘very competitive,’ with some properties selling above list price.

The combination of rising values and low transaction volume suggests a tight inventory environment, where a small number of sales can significantly influence monthly median figures.

What’s for sale

Active listings remain limited, with a mix of single-family homes at varying price points. Buyers will find properties ranging from mid-$300,000 levels into the $500,000s and above, depending on size, updates, and proximity to water or wooded lots. Lot and land opportunities are also occasionally available, appealing to custom-home buyers.

With constrained inventory, well-priced homes may continue to draw strong interest this spring. Sellers, meanwhile, appear to benefit from steady value growth and relatively firm competition.

Sources

https://www.zillow.com/home-values/53668/oakwood-hills-il/
https://www.redfin.com/city/14254/IL/Oakwood-Hills/housing-market
https://www.zillow.com/oakwood-hills-il/

What are you seeing locally — more listings coming online, or continued tight supply?