Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $165,950
    2% ( $3,450 ) vs May 2014
  • Median Sales Price
    $131,500
    5% ( $7,500 ) vs May 2014
  • Median Foreclosure Sales Price
    $107,500
    11% ( $11,000 ) vs May 2014
  • Foreclosures 194
    Homes for Sale 79
    Recently Sold 95

Market Summary

There are currently 194 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 79.

In June, the number of properties that received a foreclosure filing in Oak Forest, IL was 12% lower than the previous month and 33% lower than the same time last year.

Home sales for May 2015 were up 240% compared with the previous month, and down 6% compared with a year ago. The median sales price of a non-distressed home was $131,500. The median sales price of a foreclosure home was $107,500, or 18% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




Add this chart to your website.

$107,500 (Median Foreclosure Sales Price) $96,500 (Median Foreclosure Sales Price) $84,000 (Median Foreclosure Sales Price) $102,750 (Median Foreclosure Sales Price) $102,750 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $131,500 (Median Sales Price) $139,000 (Median Sales Price) $140,000 (Median Sales Price) $137,500 (Median Sales Price) $152,500 (Median Sales Price) $155,000 (Median Sales Price) $107,500 (Median Foreclosure Sales Price) $96,500 (Median Foreclosure Sales Price) $84,000 (Median Foreclosure Sales Price) $102,750 (Median Foreclosure Sales Price) $102,750 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $131,500 (Median Sales Price) $139,000 (Median Sales Price) $140,000 (Median Sales Price) $137,500 (Median Sales Price) $152,500 (Median Sales Price) $155,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac can supply you with this data through reports or a data license. Contact us now!

Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,591
29.0
% (y-o-y)
$276,500
0.5
% (y-o-y)
60.9%
65.8
% (y-o-y)
TINLEY PARK
75
12.8
% (y-o-y)
$177,000
1.1
% (y-o-y)
18.9%
34.3
% (y-o-y)
Orland Park
64
47.1
% (y-o-y)
$219,000
6.8
% (y-o-y)
48.4%
22.0
% (y-o-y)
Midlothian
36
37.9
% (y-o-y)
$87,000
8.8
% (y-o-y)
14.4%
16.3
% (y-o-y)
Country Club Hills
36
56.5
% (y-o-y)
$52,500
55.3
% (y-o-y)
4.3%
51.5
% (y-o-y)
Homewood
26
33.3
% (y-o-y)
$140,000
8.5
% (y-o-y)
50.4%
26.0
% (y-o-y)
Matteson
26
25.7
% (y-o-y)
$117,750
0.6
% (y-o-y)
41.8%
25.6
% (y-o-y)
Blue Island
24
41.2
% (y-o-y)
$54,000
40.0
% (y-o-y)
22.2%
48.9
% (y-o-y)
Hazel Crest
22
10.0
% (y-o-y)
$124,000
45.9
% (y-o-y)
65.7%
46.5
% (y-o-y)
Alsip
21
5.0
% (y-o-y)
$101,500
32.2
% (y-o-y)
30.5%
33.9
% (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: 5.80%
Percentage of vacant homes: 2.50%