Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $164,900
    5% ( $8,500 ) vs Jul 2013
  • Median Sales Price
    $162,000
    1% ( $2,000 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $144,500
    13% ( $16,750 ) vs Jul 2013
  • Foreclosures 262
    Homes for Sale 103
    Recently Sold 298

Market Summary

There are currently 262 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 103.

In August, the number of properties that received a foreclosure filing in Oak Forest, IL was 14% lower than the previous month and 27% lower than the same time last year.

Home sales for July 2014 were down 49% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $162,000. The median sales price of a foreclosure home was $144,500, or 11% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$144,500 (Median Foreclosure Sales Price) $127,750 (Median Foreclosure Sales Price) $118,500 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $127,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $162,000 (Median Sales Price) $160,000 (Median Sales Price) $161,000 (Median Sales Price) $152,500 (Median Sales Price) $142,000 (Median Sales Price) $134,000 (Median 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) $127,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $162,000 (Median Sales Price) $160,000 (Median Sales Price) $161,000 (Median Sales Price) $152,500 (Median Sales Price) $142,000 (Median Sales Price) $134,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,412
56.8
% (y-o-y)
$290,000
5.5
% (y-o-y)
67.2%
69.8
% (y-o-y)
Orland Park
65
59.1
% (y-o-y)
$215,000
6.5
% (y-o-y)
7.0%
27.6
% (y-o-y)
TINLEY PARK
64
46.7
% (y-o-y)
$184,500
5.3
% (y-o-y)
35.0%
20.1
% (y-o-y)
Midlothian
43
33.8
% (y-o-y)
$83,000
10.7
% (y-o-y)
42.2%
13.3
% (y-o-y)
Homewood
27
50.0
% (y-o-y)
$131,500
1.2
% (y-o-y)
53.2%
27.7
% (y-o-y)
Country Club Hills
25
56.1
% (y-o-y)
$103,000
19.8
% (y-o-y)
40.5%
62.6
% (y-o-y)
Harvey
23
17.9
% (y-o-y)
$18,000
55.0
% (y-o-y)
Data not available
Hazel Crest
20
45.9
% (y-o-y)
$70,000
1.4
% (y-o-y)
41.8%
46.4
% (y-o-y)
Alsip
18
47.1
% (y-o-y)
$139,000
16.3
% (y-o-y)
54.0%
10.5
% (y-o-y)
Matteson
17
61.4
% (y-o-y)
$125,000
19.0
% (y-o-y)
8.0%
12.9
% (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: 6.50%
Percentage of vacant homes: 2.50%