Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $174,150
    0% ( $450 ) vs May 2013
  • Median Sales Price
    $161,000
    6% ( $8,500 ) vs May 2013
  • Median Foreclosure Sales Price
    $118,500
    1% ( $1,500 ) vs May 2013
  • Foreclosures 270
    Homes for Sale 114
    Recently Sold 291

Market Summary

There are currently 270 properties in Oak Forest, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 114.

In June, the number of properties that received a foreclosure filing in Oak Forest, IL was 10% higher than the previous month and 23% lower than the same time last year.

Home sales for May 2014 were down 36% compared with the previous month, and up 29% compared with a year ago. The median sales price of a non-distressed home was $161,000. The median sales price of a foreclosure home was $118,500, or 26% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$118,500 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $127,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $161,000 (Median Sales Price) $152,500 (Median Sales Price) $142,000 (Median Sales Price) $134,000 (Median Sales Price) $143,000 (Median Sales Price) $155,000 (Median Sales Price) $118,500 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $127,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $161,000 (Median Sales Price) $152,500 (Median Sales Price) $142,000 (Median Sales Price) $134,000 (Median Sales Price) $143,000 (Median Sales Price) $155,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,647
16.7
% (y-o-y)
$277,000
13.5
% (y-o-y)
65.7%
68.0
% (y-o-y)
Orland Park
121
31.5
% (y-o-y)
$205,000
1.6
% (y-o-y)
22.0%
31.1
% (y-o-y)
TINLEY PARK
86
7.5
% (y-o-y)
$175,000
7.7
% (y-o-y)
34.3%
26.2
% (y-o-y)
Midlothian
58
20.8
% (y-o-y)
$80,000
3.9
% (y-o-y)
16.3%
24.7
% (y-o-y)
Homewood
39
2.5
% (y-o-y)
$129,000
0.8
% (y-o-y)
25.6%
33.8
% (y-o-y)
Matteson
35
31.4
% (y-o-y)
$120,000
1.8
% (y-o-y)
27.5%
26.8
% (y-o-y)
Markham
27
17.4
% (y-o-y)
$34,750
17.3
% (y-o-y)
25.9%
50.0
% (y-o-y)
Palos Heights
23
21.1
% (y-o-y)
$221,000
11.9
% (y-o-y)
Data not available
Country Club Hills
23
50.0
% (y-o-y)
$117,500
41.1
% (y-o-y)
51.5%
38.7
% (y-o-y)
Hazel Crest
20
41.2
% (y-o-y)
$90,000
87.5
% (y-o-y)
49.4%
6.8
% (y-o-y)

Local Info For Oak Forest

Population:
27,685
Cost of Living Index: 111.62
Crime Index: 52.49     Rating: B+ View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $71,280
Unemployment: 7.20%
Percentage of vacant homes: 2.50%