Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $179,900
    3% ( $5,000 ) vs Feb 2015
  • Median Sales Price
    $154,750
    2% ( $3,250 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $151,500
    2% ( $3,500 ) vs Feb 2015
  • Foreclosures 168
    Homes for Sale 87
    Recently Sold 336

Market Summary

There are currently 168 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 87.

In March, the number of properties that received a foreclosure filing in Oak Forest, IL was 23% lower than the previous month and 51% lower than the same time last year.

Home sales for February 2016 were up 133% compared with the previous month, and up 100% compared with a year ago. The median sales price of a non-distressed home was $154,750. The median sales price of a foreclosure home was $151,500, or 2% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$151,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $154,750 (Median Sales Price) $158,000 (Median Sales Price) $127,000 (Median Sales Price) $112,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $151,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $154,750 (Median Sales Price) $158,000 (Median Sales Price) $127,000 (Median Sales Price) $112,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,661
48.5
% (y-o-y)
$245,000
0.0
% (y-o-y)
59.6%
60.8
% (y-o-y)
Orland Park
63
65.8
% (y-o-y)
$225,000
7.1
% (y-o-y)
8.9%
46.0
% (y-o-y)
TINLEY PARK
63
57.5
% (y-o-y)
$169,500
1.0
% (y-o-y)
11.5%
25.5
% (y-o-y)
Midlothian
43
38.7
% (y-o-y)
$104,900
13.4
% (y-o-y)
50.9%
25.1
% (y-o-y)
Matteson
33
153.8
% (y-o-y)
$148,000
19.6
% (y-o-y)
39.2%
37.4
% (y-o-y)
Alsip
30
42.9
% (y-o-y)
$160,000
16.8
% (y-o-y)
57.2%
32.1
% (y-o-y)
Harvey
29
70.6
% (y-o-y)
$31,375
20.7
% (y-o-y)
55.4%
11.5
% (y-o-y)
Country Club Hills
28
21.7
% (y-o-y)
$120,000
111.3
% (y-o-y)
55.4%
25.6
% (y-o-y)
Blue Island
26
52.9
% (y-o-y)
$91,500
1.7
% (y-o-y)
54.6%
28.1
% (y-o-y)
Homewood
25
0.0
% (y-o-y)
$128,000
24.0
% (y-o-y)
29.7%
32.2
% (y-o-y)

Local Info For Oak Forest

Population:
27,685
Cost of Living Index: 111.62
Crime Index: 17.42     Rating: A View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $71,280
Unemployment: 6.40%
Percentage of vacant homes: 2.50%

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