What is the median home price in Oaks, Springfield?

The median home price in Oaks is $196,000, down 7% year-over-year. Homes sell in a median of 2 days. The sale-to-list ratio is 102.46%.

How much does it cost to sell a home in Oaks?

On a $196,000 home in Oaks, a traditional agent charges around 3% — about $5,880. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $2,381 while getting MLS listing and expert support.

How long does it take to sell a home in Oaks?

The median home in Oaks spends 2 days on market. 61.54% of listings go pending within two weeks. 9 homes sold recently in this neighborhood.

Is Oaks a good neighborhood to sell in right now?

Oaks had 9 homes sell recently at a median of $196,000. Sellers are getting 102.46% of their asking price. 55.56% of homes sold above list price. Ridley's flat fee means you keep more regardless of market conditions.

National/Illinois/Springfield

Oaks · Springfield, IL

Is Now a Good Time to Sell in Oaks, Springfield?

The median home in Oaks sells for $196,000 with prices down 7% year-over-year. Ridley's flat fee saves you $2,381.

Oaks Real Estate Market Conditions

58out of 100

Ridley Sell Score

How it's scored →

Moderate

58/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Oaks 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 MomentumFavors buyers

Prices down 6.666666667% year-over-year — vs. +8% statewide.

Seller LeverageFavors sellers

Homes selling at 102.46% of asking — sellers are getting 2.5% above list on average. Illinois average is 98.1%.

Bidding ActivityFavors sellers

55.56% of homes selling above list price — 125% above the Illinois average of 24.7%.

Sale SpeedFavors sellers

2 median days on market — 57 days faster than the Illinois average.

Market UrgencyFavors sellers

61.54% 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

$196,000

-7%

Days on Market

Price per Sq Ft

$124

Sale-to-List Ratio

102.46%

Homes Sold

Sold Above List

55.56%

Pending in 2 Weeks

61.54%

Source: public market records

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

Your savings

How much can you save selling in Oaks?

$0Estimated savings

That could furnish your new living room — save 1.2% of your home value

Your Oaks home value

$196,000

$50,000$10M

Traditional Agent (3%)

$5,880

Ridley Pro (flat fee)

$3,499

Ready to sell in Oaks?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Oaks

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$5,880	$3,499	$999
Buyer agent	$5,4882.8% avg	$3,920~2% avg	$3,920~2% avg
Closing costs (~1.5%)	$2,940	$2,940	$2,940
Total cost	$14,308	$10,359	$7,859
You save	—	$2,381	$4,881

Based on the Oaks median home price of $196,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Oaks

A flat fee of $3,499 instead of the typical $5,880 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Oaks 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 Oaks 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 $2,381 more

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

Get Your Selling Strategy

FAQ

Common questions about selling in Oaks

Ready to sell in Oaks?

Save $2,381

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Explore nearby

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View all Springfield market data →