Oquawka's real estate market is experiencing a price correction, with values down 57.1% from last year. The median home price has fallen to $46,000, a significant 57.1% decrease year-over-year. With 3.0 months of supply, Oquawka's inventory levels remain relatively tight. Properties are selling within just 63 days on average, much faster than the historical norm of 144 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Oquawka market with the affordability index at 146.7. Based on current market indicators, home prices in Oquawka are projected to increase by approximately 11.1% over the next month.