Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $140,000
    18% ( $29,900 ) vs Jan 2014
  • Median Sales Price
    $152,500
    2% ( $2,500 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $102,750
    2% ( $1,750 ) vs Jan 2014
  • Foreclosures 241
    Homes for Sale 72
    Recently Sold 212

Market Summary

There are currently 241 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 72.

In February, the number of properties that received a foreclosure filing in Oak Forest, IL was 52% lower than the previous month and 9% lower than the same time last year.

Home sales for January 2015 were down 46% compared with the previous month, and down 35% compared with a year ago. The median sales price of a non-distressed home was $152,500. The median sales price of a foreclosure home was $102,750, or 33% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$102,750 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $101,250 (Median Foreclosure Sales Price) $101,500 (Median Foreclosure Sales Price) $129,750 (Median Foreclosure Sales Price) $152,500 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price) $157,000 (Median Sales Price) $160,000 (Median Sales Price) $102,750 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $101,250 (Median Foreclosure Sales Price) $101,500 (Median Foreclosure Sales Price) $129,750 (Median Foreclosure Sales Price) $152,500 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price) $157,000 (Median Sales Price) $160,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,251
31.0
% (y-o-y)
$248,000
1.4
% (y-o-y)
62.7%
66.1
% (y-o-y)
TINLEY PARK
66
13.2
% (y-o-y)
$166,000
5.5
% (y-o-y)
23.8%
16.9
% (y-o-y)
Orland Park
65
11.0
% (y-o-y)
$215,000
3.9
% (y-o-y)
46.5%
28.0
% (y-o-y)
Midlothian
29
3.3
% (y-o-y)
$100,000
17.6
% (y-o-y)
52.5%
50.3
% (y-o-y)
Matteson
28
6.7
% (y-o-y)
$128,000
8.5
% (y-o-y)
39.1%
23.7
% (y-o-y)
Alsip
23
4.5
% (y-o-y)
$124,500
1.0
% (y-o-y)
28.1%
38.3
% (y-o-y)
Hazel Crest
20
9.1
% (y-o-y)
$51,000
27.1
% (y-o-y)
Data not available
Homewood
18
37.9
% (y-o-y)
$132,500
6.0
% (y-o-y)
Data not available
Country Club Hills
18
37.9
% (y-o-y)
$60,500
32.8
% (y-o-y)
27.3%
47.2
% (y-o-y)
Blue Island
17
32.0
% (y-o-y)
$90,000
14.3
% (y-o-y)
22.5%
53.3
% (y-o-y)

Local Info For Oak Forest

Population:
27,685
Cost of Living Index: 111.62
Crime Index: 65.03     Rating: B+ View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $71,280
Unemployment: 5.20%
Percentage of vacant homes: 2.50%