About This Neighborhood
About Oakwood Hills
Oakwood Hills is a townhome community on Elgin's east side, in the 60120 ZIP code. It sits in the Cook County part of Elgin, which matters for property taxes and transfer taxes. Homes here were built between 1994 and 1998.
Every sale in the last 12 months was an attached home, with a median of $235,000. That makes Oakwood Hills one of the most affordable neighborhoods in Elgin and a common first stop for buyers looking under $250,000.
Because the HOA covers exterior items, it's important to read the association documents before you buy: what the dues include, the reserve fund and any planned special assessments. I go through these with every buyer.
Education
Oakwood Hills Schools
These are the schools most often listed for Oakwood Hills homes in recent MLS listings, in Elgin Area School District U-46. Boundaries can differ by street and can change, so confirm any specific address with the district.
Hilltop Elementary School
Elgin Area School District U-46
Huff Elementary School
Elgin Area School District U-46
Ellis Middle School
Elgin Area School District U-46
Elgin High School
Elgin Area School District U-46
Location & Lifestyle
Life Around Oakwood Hills
How far Oakwood Hills is from the places Elgin buyers ask about most (straight-line distance; drive times vary with traffic).
Downtown Elgin & the Elgin Metra station
Fox River, restaurants, The Hemmens and Metra to Chicago · about 2 miles away
Elgin Community College
Classes, events and the Arts Center on Spartan Dr · about 4 miles away
Big Timber Road Metra station
Milwaukee District West line to Chicago Union Station · about 4 miles away
Randall Road corridor & I-90
Shopping and dining along Randall Rd, near Advocate Sherman Hospital · about 5 miles away
Real Estate
Oakwood Hills Home Styles & Prices
Homes here were built mostly between 1994 and 1998. Over the last 12 months, 19 homes sold in Oakwood Hills: 0 detached houses and 19 townhomes or condos. The typical home that sold had 2 bedrooms and 2.0 baths with a 1-car garage.
19 sales in the last 12 months
Ready to explore homes in Oakwood Hills? Reach out to Maria for a private tour or to get notified the moment a new listing hits the market.
Buyer Questions
Oakwood Hills Buyer FAQ
The questions buyers ask me most about Oakwood Hills, answered with my own analysis of MLS closed sales.
How much do homes cost in Oakwood Hills, Elgin?
Over the last 12 months, 19 homes sold in Oakwood Hills with a median sale price of $235,000. Prices ranged from $172,000 to $261,000. That included 19 townhomes and condos (median $235,000). (MLS closed sales through Oct 27, 2026.)
Are homes in Oakwood Hills houses or townhomes?
Oakwood Hills is a townhome and condo community. Of the 19 sales in the last 12 months, 0 were detached houses and 19 were attached homes (townhomes or condos). The typical home that sold had 2 bedrooms and 2.0 baths, and most were built between 1994 and 1998.
How fast do homes sell in Oakwood Hills?
The typical home in Oakwood Hills went under contract in about 10 days (median MLS market time) and sold for about 100% of its list price. 63% of sales closed at or above list price. If you like a home here, plan to see it quickly and have your pre-approval ready.
Does Oakwood Hills have an HOA, and how much is it?
Yes, most do. 100% of recent sales in Oakwood Hills listed an HOA fee, with a median of about $282 a month. Ask what it covers (exterior, roof, snow, lawn, amenities) and whether a special assessment is planned.
How much are property taxes in Oakwood Hills?
The median tax bill on recent Oakwood Hills sales was about $3,816 a year (about $318 a month), roughly 1.6% of the median sale price. Oakwood Hills is in Cook County. Your bill depends on the assessment and exemptions like the homeowner exemption, and the tax shown in the MLS is often the seller's bill, so I estimate it with you before you make an offer.
What schools serve Oakwood Hills?
Recent MLS listings in Oakwood Hills were most often assigned to Hilltop Elementary School or Huff Elementary School, Ellis Middle School and Elgin High School, in Elgin Area School District U-46. Boundaries can differ street by street and can change, so confirm a specific address with the district before you buy.
Have home prices gone up in Oakwood Hills?
The median sale price over the last 12 months was $235,000, compared with $225,000 in the 12 months before that (+4%). Five years ago, the median was about $153,000. With 19 sales a year, the median can move with the mix of homes that sell, so I look at comparable sales for any home you're considering.
How much do I need for a down payment in Oakwood Hills?
At the median price of $235,000, a 3.5% FHA down payment is about $8,225 and a 5% conventional down payment is about $11,750, plus closing costs. Illinois IHDA programs may help with both. My Mortgage-Ready Guide walks you through it.
How can I hear about new listings in Oakwood Hills?
Text me at (779) 970-4339 and I'll set up an MLS alert for Oakwood Hills so you get new listings and price changes as soon as they're entered. In a neighborhood where homes sell in about 10 days, that head start matters.
Active Listings
Homes for Sale in Oakwood Hills
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