Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $172,450
    4% ( $7,500 ) vs May 2015
  • Median Sales Price
    $167,500
    8% ( $12,500 ) vs May 2015
  • Median Foreclosure Sales Price
    $144,500
    13% ( $17,000 ) vs May 2015
  • Foreclosures 165
    Homes for Sale 73
    Recently Sold 201

Market Summary

There are currently 165 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 73.

In June, the number of properties that received a foreclosure filing in Oak Forest, IL was 17% lower than the previous month and 14% higher than the same time last year.

Home sales for May 2016 were down 82% compared with the previous month, and down 76% compared with a year ago. The median sales price of a non-distressed home was $167,500. The median sales price of a foreclosure home was $144,500, or 14% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$144,500 (Median Foreclosure Sales Price) $127,500 (Median Foreclosure Sales Price) $148,000 (Median Foreclosure Sales Price) $151,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $167,500 (Median Sales Price) $155,000 (Median Sales Price) $155,750 (Median Sales Price) $154,750 (Median Sales Price) $158,000 (Median Sales Price) $127,000 (Median Sales Price) $144,500 (Median Foreclosure Sales Price) $127,500 (Median Foreclosure Sales Price) $148,000 (Median Foreclosure Sales Price) $151,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $167,500 (Median Sales Price) $155,000 (Median Sales Price) $155,750 (Median Sales Price) $154,750 (Median Sales Price) $158,000 (Median Sales Price) $127,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
789
69.6
% (y-o-y)
$258,000
6.7
% (y-o-y)
69.2%
60.9
% (y-o-y)
TINLEY PARK
32
59.0
% (y-o-y)
$193,750
9.5
% (y-o-y)
30.4%
18.1
% (y-o-y)
Matteson
21
19.2
% (y-o-y)
$140,500
19.3
% (y-o-y)
24.9%
41.8
% (y-o-y)
Hazel Crest
20
9.1
% (y-o-y)
$110,000
11.3
% (y-o-y)
59.8%
65.7
% (y-o-y)
Orland Park
18
72.3
% (y-o-y)
$225,250
2.9
% (y-o-y)
11.7%
48.4
% (y-o-y)
Country Club Hills
17
54.1
% (y-o-y)
$129,000
145.7
% (y-o-y)
64.3%
4.3
% (y-o-y)
Homewood
11
57.7
% (y-o-y)
$113,000
19.3
% (y-o-y)
48.3%
50.4
% (y-o-y)
Markham
10
44.4
% (y-o-y)
$55,000
66.7
% (y-o-y)
Data not available
Blue Island
10
58.3
% (y-o-y)
$100,000
85.2
% (y-o-y)
55.0%
22.2
% (y-o-y)
Worth
9
25.0
% (y-o-y)
$148,500
51.5
% (y-o-y)
23.8%
33.7
% (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: 5.40%
Percentage of vacant homes: 2.50%

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