Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $173,400
    0% ( $750 ) vs Jun 2013
  • Median Sales Price
    $160,000
    1% ( $1,000 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $127,750
    8% ( $9,250 ) vs Jun 2013
  • Foreclosures 268
    Homes for Sale 115
    Recently Sold 282

Market Summary

There are currently 268 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 115.

In July, the number of properties that received a foreclosure filing in Oak Forest, IL was 15% lower than the previous month and 4% higher than the same time last year.

Home sales for June 2014 were up 117% compared with the previous month, and up 39% compared with a year ago. The median sales price of a non-distressed home was $160,000. The median sales price of a foreclosure home was $127,750, or 20% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$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) $118,000 (Median Foreclosure 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) $143,000 (Median 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) $118,000 (Median Foreclosure 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) $143,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,530
45.2
% (y-o-y)
$288,000
7.7
% (y-o-y)
66.7%
69.5
% (y-o-y)
TINLEY PARK
94
12.1
% (y-o-y)
$179,000
5.3
% (y-o-y)
33.0%
25.0
% (y-o-y)
Orland Park
70
36.9
% (y-o-y)
$208,000
3.7
% (y-o-y)
21.4%
31.3
% (y-o-y)
Midlothian
35
45.3
% (y-o-y)
$83,000
9.2
% (y-o-y)
25.3%
14.5
% (y-o-y)
Alsip
25
34.2
% (y-o-y)
$134,000
11.7
% (y-o-y)
31.0%
34.8
% (y-o-y)
Matteson
23
30.3
% (y-o-y)
$127,500
10.2
% (y-o-y)
27.1%
24.2
% (y-o-y)
Blue Island
21
78.6
% (y-o-y)
$90,000
50.0
% (y-o-y)
44.4%
34.6
% (y-o-y)
Harvey
20
53.5
% (y-o-y)
$22,750
17.3
% (y-o-y)
41.8%
47.3
% (y-o-y)
Homewood
19
53.7
% (y-o-y)
$126,750
4.3
% (y-o-y)
25.0%
29.1
% (y-o-y)
Hazel Crest
16
48.4
% (y-o-y)
$72,500
7.4
% (y-o-y)
30.3%
40.0
% (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: 6.80%
Percentage of vacant homes: 2.50%