Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $179,950
    3% ( $5,050 ) vs Apr 2015
  • Median Sales Price
    $155,000
    0% ( $750 ) vs Apr 2015
  • Median Foreclosure Sales Price
    $127,500
    14% ( $20,500 ) vs Apr 2015
  • Foreclosures 166
    Homes for Sale 85
    Recently Sold 252

Market Summary

There are currently 166 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 85.

In May, the number of properties that received a foreclosure filing in Oak Forest, IL was 36% higher than the previous month and 20% higher than the same time last year.

Home sales for April 2016 were up 0% compared with the previous month, and up 340% 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 $127,500, or 18% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$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) $105,500 (Median Foreclosure 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) $112,500 (Median 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) $105,500 (Median Foreclosure 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) $112,500 (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
2,423
44.1
% (y-o-y)
$255,500
2.2
% (y-o-y)
65.0%
61.1
% (y-o-y)
Orland Park
71
73.2
% (y-o-y)
$221,000
2.8
% (y-o-y)
10.0%
50.7
% (y-o-y)
TINLEY PARK
60
25.0
% (y-o-y)
$184,250
10.0
% (y-o-y)
22.7%
14.3
% (y-o-y)
Matteson
37
54.2
% (y-o-y)
$134,000
18.3
% (y-o-y)
40.3%
19.6
% (y-o-y)
Midlothian
32
23.1
% (y-o-y)
$95,000
17.3
% (y-o-y)
7.4%
13.6
% (y-o-y)
Country Club Hills
28
6.7
% (y-o-y)
$129,500
146.7
% (y-o-y)
63.7%
4.8
% (y-o-y)
Homewood
26
100.0
% (y-o-y)
$115,000
8.0
% (y-o-y)
43.0%
40.0
% (y-o-y)
Alsip
19
26.7
% (y-o-y)
$119,000
15.0
% (y-o-y)
29.8%
45.0
% (y-o-y)
Hazel Crest
18
5.3
% (y-o-y)
$84,750
28.2
% (y-o-y)
42.2%
66.5
% (y-o-y)
Harvey
17
34.6
% (y-o-y)
$26,500
17.2
% (y-o-y)
54.7%
42.2
% (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: 6.10%
Percentage of vacant homes: 2.50%

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