What is the median home price in Oak Terrace, Long Grove?

The median home price in Oak Terrace is $277,500. Homes sell in a median of 85.5 days. The sale-to-list ratio is 98.76%.

How much does it cost to sell a home in Oak Terrace?

On a $277,500 home in Oak Terrace, a traditional agent charges around 3% — about $8,325. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $4,826 while getting MLS listing and expert support.

How long does it take to sell a home in Oak Terrace?

The median home in Oak Terrace spends 85.5 days on market. 4 homes sold recently in this neighborhood.

Is Oak Terrace a good neighborhood to sell in right now?

Oak Terrace had 4 homes sell recently at a median of $277,500. Sellers are getting 98.76% of their asking price. 25% of homes sold above list price. Ridley's flat fee means you keep more regardless of market conditions.

National/Illinois/Long Grove

Oak Terrace · Long Grove, IL

Is Now a Good Time to Sell in Oak Terrace, Long Grove?

The median home in Oak Terrace sells for $277,500. Ridley's flat fee saves you $4,826.

Oak Terrace Real Estate Market Conditions

54out of 100

Ridley Sell Score

How it's scored →

Moderate

54/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Oak Terrace market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Illinois average is 2.9.

Price MomentumNeutral

Prices flat 0% year-over-year — vs. +8% statewide.

Seller LeverageNeutral

Homes selling at 98.76% of asking — buyers are negotiating 1.2% below list. Illinois average is 98.1%.

Bidding ActivityNeutral

25% of homes selling above list price — 1% above the Illinois average of 24.7%.

Sale SpeedFavors buyers

85.5 median days on market — 26 days slower than the Illinois average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 38.4% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Illinois average is 18.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$277,500

Days on Market

85.5

Price per Sq Ft

$262

Sale-to-List Ratio

98.76%

Homes Sold

Sold Above List

25%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Long Grove — delivered monthly.

Your savings

How much can you save selling in Oak Terrace?

$0Estimated savings

That could furnish your new living room — save 1.7% of your home value

Your Oak Terrace home value

$277,500

$50,000$10M

Traditional Agent (3%)

$8,325

Ridley Pro (flat fee)

$3,499

Ready to sell in Oak Terrace?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Oak Terrace

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$8,325	$3,499	$999
Buyer agent	$7,7702.8% avg	$5,550~2% avg	$5,550~2% avg
Closing costs (~1.5%)	$4,163	$4,163	$4,163
Total cost	$20,258	$13,212	$10,712
You save	—	$4,826	$7,326

Based on the Oak Terrace median home price of $277,500. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Oak Terrace

A flat fee of $3,499 instead of the typical $8,325 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Oak Terrace market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Oak Terrace buyers look — plus a custom Ridley listing page with AI chat.

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

Close and keep $4,826 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

Get Your Selling Strategy

FAQ

Common questions about selling in Oak Terrace

Ready to sell in Oak Terrace?

Save $4,826

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Explore nearby

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