Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $169,900
    1% ( $2,550 ) vs Dec 2013
  • Median Sales Price
    $155,000
    0% ( $0 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $101,000
    0% ( $0 ) vs Dec 2013
  • Foreclosures 239
    Homes for Sale 58
    Recently Sold 243

Market Summary

There are currently 239 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 58.

In January, the number of properties that received a foreclosure filing in Oak Forest, IL was 57% higher than the previous month and 42% higher than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $155,000. The median sales price of a foreclosure home was $101,000, or 35% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$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) $144,500 (Median Foreclosure 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) $162,000 (Median 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) $144,500 (Median Foreclosure 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) $162,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
618
81.0
% (y-o-y)
$260,000
1.6
% (y-o-y)
63.8%
64.8
% (y-o-y)
Matteson
16
50.0
% (y-o-y)
$133,000
10.8
% (y-o-y)
43.6%
28.8
% (y-o-y)
Orland Park
14
83.3
% (y-o-y)
$204,750
5.4
% (y-o-y)
26.7%
30.7
% (y-o-y)
Country Club Hills
14
61.1
% (y-o-y)
$122,500
44.1
% (y-o-y)
58.8%
44.1
% (y-o-y)
TINLEY PARK
9
90.5
% (y-o-y)
$163,000
8.4
% (y-o-y)
29.4%
24.2
% (y-o-y)
Hazel Crest
7
78.1
% (y-o-y)
$58,000
3.6
% (y-o-y)
Data not available
Alsip
6
79.3
% (y-o-y)
$116,000
5.0
% (y-o-y)
23.5%
29.9
% (y-o-y)
Blue Island
5
80.0
% (y-o-y)
$51,250
43.1
% (y-o-y)
12.2%
52.2
% (y-o-y)
Flossmoor
5
70.6
% (y-o-y)
$177,500
1.9
% (y-o-y)
35.2%
20.4
% (y-o-y)
Harvey
5
76.2
% (y-o-y)
$25,000
20.5
% (y-o-y)
38.0%
28.9
% (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%