Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $155,585
    9% ( $12,875 ) vs Mar 2014
  • Median Sales Price
    $140,000
    2% ( $2,500 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $84,000
    18% ( $18,750 ) vs Mar 2014
  • Foreclosures 222
    Homes for Sale 86
    Recently Sold 145

Market Summary

There are currently 222 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 86.

In April, the number of properties that received a foreclosure filing in Oak Forest, IL was 40% lower than the previous month and 15% lower than the same time last year.

Home sales for March 2015 were down 71% compared with the previous month, and down 76% compared with a year ago. The median sales price of a non-distressed home was $140,000. The median sales price of a foreclosure home was $84,000, or 40% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$84,000 (Median Foreclosure Sales Price) $102,750 (Median Foreclosure 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) $140,000 (Median Sales Price) $137,500 (Median Sales Price) $152,500 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price) $84,000 (Median Foreclosure Sales Price) $102,750 (Median Foreclosure 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) $140,000 (Median Sales Price) $137,500 (Median Sales Price) $152,500 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price) $155,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,149
62.8
% (y-o-y)
$240,000
2.0
% (y-o-y)
59.2%
63.5
% (y-o-y)
TINLEY PARK
31
45.6
% (y-o-y)
$164,000
1.4
% (y-o-y)
9.9%
26.9
% (y-o-y)
Orland Park
30
55.9
% (y-o-y)
$204,500
0.2
% (y-o-y)
47.2%
29.5
% (y-o-y)
Country Club Hills
29
7.4
% (y-o-y)
$56,800
44.6
% (y-o-y)
11.5%
42.7
% (y-o-y)
Chicago Ridge
21
50.0
% (y-o-y)
$75,000
0.3
% (y-o-y)
Data not available
Midlothian
21
51.2
% (y-o-y)
$130,500
58.7
% (y-o-y)
46.4%
34.1
% (y-o-y)
Harvey
18
14.3
% (y-o-y)
$32,000
60.0
% (y-o-y)
28.1%
22.5
% (y-o-y)
Markham
15
7.1
% (y-o-y)
$38,750
3.1
% (y-o-y)
Data not available
Matteson
15
55.9
% (y-o-y)
$125,000
15.2
% (y-o-y)
20.6%
9.4
% (y-o-y)
Hazel Crest
14
22.2
% (y-o-y)
$73,500
2.3
% (y-o-y)
43.5%
43.0
% (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: 6.20%
Percentage of vacant homes: 2.50%