O'Fallon's October First-Time Homebuyer Report

With 28,281 residents, O'Fallon is a larger than average city in Illinois. Also, with a 26.7% increase over the last 10 years, its population is growing faster than other parts of the state. Homes in O'Fallon are of moderate age with a median age of 21 years. Heading the list of top schools in the city is O Fallon High School.

Price Range

The median value of homes in O'Fallon is $146,500, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $218,975. While home sales in the O'Fallon market have been above average, in this week's report they dropped 4.4% to 43 homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in O'Fallon? These listings have stirred up interest and produced the most views:

$257K   $162K   $172K  

Typical Dwelling

The typical dwelling in O'Fallon is a four-bedroom detached home worth about $248,752. To purchase a similar home, a buyer with good credit and a $49,750 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,186 monthly payment. The property tax rate is $16.45 per $1,000 of taxable assessed value.

Get started right now by checking out O'Fallon homes for sale or reviewing O'Fallon real estate trends.


Data reported through 10/13/2016

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Berkshire Hathaway HS Elite Properties
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Equity Fifty-five Realty, LLC
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