Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $168,750
    2% ( $3,850 ) vs Sep 2013
  • Median Sales Price
    $157,000
    2% ( $3,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $101,500
    22% ( $28,250 ) vs Sep 2013
  • Foreclosures 245
    Homes for Sale 41
    Recently Sold 306

Market Summary

There are currently 245 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 41.

In October, the number of properties that received a foreclosure filing in Oak Forest, IL was 0% higher than the previous month and 36% lower than the same time last year.

Home sales for September 2014 were down 2% compared with the previous month, and down 5% compared with a year ago. The median sales price of a non-distressed home was $157,000. The median sales price of a foreclosure home was $101,500, or 35% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$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) $120,000 (Median Foreclosure 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) $152,500 (Median 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) $120,000 (Median Foreclosure 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) $152,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,445
3.5
% (y-o-y)
$290,000
5.8
% (y-o-y)
65.5%
67.7
% (y-o-y)
Orland Park
130
9.2
% (y-o-y)
$215,000
5.6
% (y-o-y)
21.9%
35.2
% (y-o-y)
TINLEY PARK
118
7.1
% (y-o-y)
$190,750
0.4
% (y-o-y)
35.0%
26.3
% (y-o-y)
Midlothian
69
7.8
% (y-o-y)
$92,000
3.8
% (y-o-y)
17.4%
8.9
% (y-o-y)
Homewood
57
46.2
% (y-o-y)
$137,000
8.7
% (y-o-y)
50.0%
29.3
% (y-o-y)
Alsip
48
17.1
% (y-o-y)
$127,500
3.2
% (y-o-y)
42.9%
38.9
% (y-o-y)
Palos Heights
36
16.1
% (y-o-y)
$224,500
3.4
% (y-o-y)
Data not available
Hazel Crest
32
10.3
% (y-o-y)
$81,500
1.8
% (y-o-y)
46.9%
65.1
% (y-o-y)
Harvey
29
17.1
% (y-o-y)
$21,000
13.5
% (y-o-y)
4.8%
21.6
% (y-o-y)
Matteson
28
36.4
% (y-o-y)
$122,750
20.3
% (y-o-y)
2.2%
7.4
% (y-o-y)

Local Info For Oak Forest

Population:
27,685
Cost of Living Index: 111.62
Crime Index: 52.49     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%