Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $164,900
    0% ( $0 ) vs Aug 2013
  • Median Sales Price
    $160,000
    1% ( $2,000 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $129,750
    10% ( $14,750 ) vs Aug 2013
  • Foreclosures 259
    Homes for Sale 78
    Recently Sold 305

Market Summary

There are currently 259 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 78.

In September, the number of properties that received a foreclosure filing in Oak Forest, IL was 12% higher than the previous month and 4% lower than the same time last year.

Home sales for August 2014 were up 95% compared with the previous month, and up 5% 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 $129,750, or 19% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$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) $127,500 (Median Foreclosure 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) $142,000 (Median 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) $127,500 (Median Foreclosure 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) $142,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,064
40.0
% (y-o-y)
$292,500
5.6
% (y-o-y)
66.2%
68.6
% (y-o-y)
TINLEY PARK
93
39.6
% (y-o-y)
$190,000
7.6
% (y-o-y)
34.2%
21.8
% (y-o-y)
Orland Park
84
36.4
% (y-o-y)
$222,000
1.3
% (y-o-y)
9.9%
30.2
% (y-o-y)
Midlothian
51
10.5
% (y-o-y)
$97,000
17.9
% (y-o-y)
37.6%
7.0
% (y-o-y)
Homewood
27
51.8
% (y-o-y)
$145,000
11.5
% (y-o-y)
75.5%
22.3
% (y-o-y)
Matteson
23
43.9
% (y-o-y)
$99,900
2.1
% (y-o-y)
Data not available
Alsip
22
53.2
% (y-o-y)
$136,500
14.2
% (y-o-y)
37.0%
10.5
% (y-o-y)
Country Club Hills
21
43.2
% (y-o-y)
$60,000
55.8
% (y-o-y)
Data not available
Chicago Ridge
18
35.7
% (y-o-y)
$92,500
21.7
% (y-o-y)
27.6%
47.4
% (y-o-y)
Markham
18
47.1
% (y-o-y)
$36,500
4.3
% (y-o-y)
10.3%
7.1
% (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: 5.80%
Percentage of vacant homes: 2.50%