Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $169,900
    1% ( $1,150 ) vs Oct 2013
  • Median Sales Price
    $155,000
    1% ( $2,000 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $101,250
    0% ( $250 ) vs Oct 2013
  • Foreclosures 246
    Homes for Sale 50
    Recently Sold 320

Market Summary

There are currently 246 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 50.

In November, the number of properties that received a foreclosure filing in Oak Forest, IL was 15% lower than the previous month and 36% lower than the same time last year.

Home sales for October 2014 were down 13% compared with the previous month, and up 42% 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 $101,250, or 35% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$101,250 (Median Foreclosure Sales Price) $101,500 (Median Foreclosure Sales Price) $129,750 (Median Foreclosure Sales Price) $144,500 (Median Foreclosure Sales Price) $127,750 (Median Foreclosure Sales Price) $118,500 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $157,000 (Median Sales Price) $160,000 (Median Sales Price) $162,000 (Median Sales Price) $160,000 (Median Sales Price) $161,000 (Median 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) $127,750 (Median Foreclosure Sales Price) $118,500 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $157,000 (Median Sales Price) $160,000 (Median Sales Price) $162,000 (Median Sales Price) $160,000 (Median Sales Price) $161,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,435
20.1
% (y-o-y)
$280,000
5.7
% (y-o-y)
62.5%
65.7
% (y-o-y)
Orland Park
122
25.8
% (y-o-y)
$211,000
6.2
% (y-o-y)
30.7%
35.4
% (y-o-y)
TINLEY PARK
93
8.8
% (y-o-y)
$190,000
0.0
% (y-o-y)
34.5%
25.3
% (y-o-y)
Homewood
55
7.8
% (y-o-y)
$125,000
4.2
% (y-o-y)
34.8%
32.7
% (y-o-y)
Midlothian
52
14.8
% (y-o-y)
$96,750
13.6
% (y-o-y)
9.0%
28.6
% (y-o-y)
Alsip
36
20.0
% (y-o-y)
$117,500
3.5
% (y-o-y)
38.1%
38.3
% (y-o-y)
Country Club Hills
33
5.7
% (y-o-y)
$72,500
38.3
% (y-o-y)
28.3%
63.8
% (y-o-y)
Hazel Crest
31
3.3
% (y-o-y)
$75,500
30.2
% (y-o-y)
27.2%
39.7
% (y-o-y)
Palos Park
29
123.1
% (y-o-y)
$320,000
7.9
% (y-o-y)
Data not available
Chicago Ridge
25
38.9
% (y-o-y)
$95,000
53.2
% (y-o-y)
34.7%
25.4
% (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: 5.60%
Percentage of vacant homes: 2.50%