Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $142,710
    2% ( $2,710 ) vs Feb 2014
  • Median Sales Price
    $137,500
    10% ( $15,000 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $102,750
    0% ( $0 ) vs Feb 2014
  • Foreclosures 229
    Homes for Sale 75
    Recently Sold 194

Market Summary

There are currently 229 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 75.

In March, the number of properties that received a foreclosure filing in Oak Forest, IL was 135% higher than the previous month and 81% higher than the same time last year.

Home sales for February 2015 were down 7% compared with the previous month, and down 7% compared with a year ago. The median sales price of a non-distressed home was $137,500. The median sales price of a foreclosure home was $102,750, or 25% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$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) $101,500 (Median Foreclosure 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) $157,000 (Median 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) $101,500 (Median Foreclosure 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) $157,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,789
30.1
% (y-o-y)
$245,000
2.0
% (y-o-y)
60.8%
64.4
% (y-o-y)
Orland Park
38
25.5
% (y-o-y)
$210,000
0.7
% (y-o-y)
46.0%
33.3
% (y-o-y)
TINLEY PARK
38
36.7
% (y-o-y)
$167,250
1.4
% (y-o-y)
25.3%
23.6
% (y-o-y)
Midlothian
31
22.5
% (y-o-y)
$92,500
9.8
% (y-o-y)
25.1%
51.9
% (y-o-y)
Homewood
25
19.0
% (y-o-y)
$103,250
14.3
% (y-o-y)
32.2%
41.1
% (y-o-y)
Country Club Hills
23
28.1
% (y-o-y)
$56,800
36.9
% (y-o-y)
25.6%
43.9
% (y-o-y)
Alsip
21
40.0
% (y-o-y)
$137,000
15.6
% (y-o-y)
32.1%
45.1
% (y-o-y)
Blue Island
17
21.4
% (y-o-y)
$90,000
21.7
% (y-o-y)
28.1%
60.0
% (y-o-y)
Harvey
17
10.5
% (y-o-y)
$26,000
38.7
% (y-o-y)
11.5%
17.3
% (y-o-y)
Hazel Crest
15
7.1
% (y-o-y)
$68,000
6.2
% (y-o-y)
12.9%
36.9
% (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: 6.70%
Percentage of vacant homes: 2.50%