Foreclosure Homes in Oswego, IL

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5 View this home at Cheyenne Ct Oswego IL 60543
$392,607 EMV
Cheyenne Ct
Oswego, IL 60543
EST. RENT: $2,150
AUCTION: 04-22-2024
5 View this home at Light Rd Apt 106 Oswego IL 60543
$127,224 EMV
Light Rd Apt 106
Oswego, IL 60543
2 |
EST. RENT: $960
AUCTION: 06-17-2024
2 |
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Oswego, IL Foreclosures

How much do homes sell for in Oswego, IL?
The average home price is currently $381,084.
In Oswego, IL, how many homes are available?
There are currently 12,582 active home listings available in Oswego.
What’s the average rental cost in Oswego, IL?
The average rental price in Oswego is $1,897.
What is the most expensive home in Oswego, Illinois?
The most expensive home sold in Oswego had a price of $2,256,000.
What is currently the cheapest priced home in Oswego, IL?
The cheapest home for sale in Oswego is priced at $12,623.

Home Value Estimator For Oswego, IL

There are currently 12,582 real estate properties in Oswego, IL, with a median automated valuation model (AVM) price of $379,153.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oswego, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Oswego, IL, is $381,084.00, with the most expensive house in Oswego, IL, topping out at $2,256,000.00 and the cheapest home in Oswego, IL, clocking in at $12,623.00. In other words, there’s something for every potential homebuyer or savvy investor in Oswego, IL!

Rent Prices In Oswego, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oswego, IL, is on a rollercoaster ride. The average rent price in Oswego, IL, is $1,897.00. Indeed, when looking to rent in Oswego, IL, you can expect to pay as little as $850.00 or as much as $4,240.00, with the average rent median estimated to be $1,910.00. The good news is that finding an affordable and desirable property to rent in Oswego, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Oswego, IL In 2024

Oswego is located in Kendall, Illinois, with an estimated municipal population of 36,252 residents. All of the best foreclosed homes for sale in Oswego are located in the following zip code areas on 60543. The estimated population per square kilometer (.62 miles) in Oswego is 940.

Cost Of Living In Oswego, IL

So, about how much do homes cost in Oswego? The most recent median value of resident-owned homes in Oswego is 253,265. An estimated 85.9 percent of households in Oswego own their homes, with an average family size of 3.47. The median household income in Oswego is 102,110, with51.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oswego, the median commute time of resident workers (in minutes) is 33.8. And last, but certainly not least, are you looking for homes to rent in Oswego? If so, the average rent price paid by renters in Oswego is 1,584, according to recent statistics.

Diversity And Demographics In Oswego, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Oswego, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Oswego is 36.6, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Oswego is 58.3, with an average family size of 3.47.

The percentage of residents who report their race in Oswego is as follows:

White 82%
Black / African American 5.6%
Asian 4.9%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 5.2%

Looking for family-friendly neighborhoods in and/or near Oswego? Or maybe you are searching for 55+ active adult communities in and/or near Oswego?

The percentage of residents who report their age in Oswego is as follows:

Under 10 14.7%
Aged 10-19 16.8%
20s 11.9%
30s 10.8%
40s 18.1%
50s 14.9%
60s 7%
70s 3.7%
80+ 2.2%

Best Schools In Oswego, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Oswego with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oswego.

Pros And Cons Of Living In Oswego, Illinois

How do you know that living in -- or moving to -- Oswego is right where you need to be? Perhaps you grew up in Oswego or already live nearby; therefore, the decision to buy a home in Oswego is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oswego for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Oswego:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oswego.

Reasons To Move To Oswego, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oswego can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oswego, meanwhile, can field multiple offers from more qualified buyers.

Oswego, IL Foreclosures


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