Is Oreana, IL 62554 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Oreana is a seller’s market. With about 2.4 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.4Under 4 months = seller’s market

Sold above original list25%Share of sales, last 3 months

Median sale-to-list100.3%Sold price ÷ list price

Median days on market12Listing to accepted offer

Median price per sq ft$122▲ +9.6% vs. last year

Run the numbers for 62554

Prefilled for 62554Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62554Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Argenta 62501Seller’s market $125 /sq ft Dalton City 61925 $122 /sq ft Decatur 62521Seller’s market $91 /sq ft Decatur 62522Seller’s market $75 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology