Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $164,950
    1% ( $1,000 ) vs Jun 2014
  • Median Sales Price
    $149,000
    13% ( $17,500 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $109,000
    1% ( $1,500 ) vs Jun 2014
  • Foreclosures 195
    Homes for Sale 84
    Recently Sold 60

Market Summary

There are currently 195 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 84.

In July, the number of properties that received a foreclosure filing in Oak Forest, IL was 68% higher than the previous month and 32% higher than the same time last year.

Home sales for June 2015 were up 0% compared with the previous month, and down 56% compared with a year ago. The median sales price of a non-distressed home was $149,000. The median sales price of a foreclosure home was $109,000, or 27% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$109,000 (Median Foreclosure 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) $149,000 (Median 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) $109,000 (Median Foreclosure 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) $149,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,938
24.3
% (y-o-y)
$290,500
0.2
% (y-o-y)
62.5%
66.9
% (y-o-y)
Orland Park
52
25.7
% (y-o-y)
$238,000
14.4
% (y-o-y)
35.8%
21.4
% (y-o-y)
TINLEY PARK
49
47.9
% (y-o-y)
$180,566
0.9
% (y-o-y)
35.2%
33.0
% (y-o-y)
Homewood
41
115.8
% (y-o-y)
$130,500
3.0
% (y-o-y)
43.7%
26.2
% (y-o-y)
Midlothian
39
11.4
% (y-o-y)
$87,000
4.8
% (y-o-y)
36.2%
25.3
% (y-o-y)
Country Club Hills
31
244.4
% (y-o-y)
$69,000
44.8
% (y-o-y)
29.7%
55.6
% (y-o-y)
Matteson
31
34.8
% (y-o-y)
$120,500
3.6
% (y-o-y)
48.5%
25.6
% (y-o-y)
Hazel Crest
20
25.0
% (y-o-y)
$125,000
78.6
% (y-o-y)
59.6%
27.9
% (y-o-y)
Harvey
19
5.0
% (y-o-y)
$44,000
93.4
% (y-o-y)
61.4%
41.8
% (y-o-y)
Alsip
18
28.0
% (y-o-y)
$101,500
24.3
% (y-o-y)
42.4%
31.0
% (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: 6.50%
Percentage of vacant homes: 2.50%