Oak Forest Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $173,900
    3% ( $6,000 ) vs Mar 2015
  • Median Sales Price
    $155,750
    1% ( $1,000 ) vs Mar 2015
  • Median Foreclosure Sales Price
    $148,000
    2% ( $3,500 ) vs Mar 2015
  • Foreclosures 164
    Homes for Sale 78
    Recently Sold 287

Market Summary

There are currently 164 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 April, the number of properties that received a foreclosure filing in Oak Forest, IL was 4% lower than the previous month and 21% lower than the same time last year.

Home sales for March 2016 were down 29% compared with the previous month, and up 400% compared with a year ago. The median sales price of a non-distressed home was $155,750. The median sales price of a foreclosure home was $148,000, or 5% lower than non-distressed home sales.

Sales Prices - Oak Forest, IL




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$148,000 (Median Foreclosure Sales Price) $151,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $155,750 (Median Sales Price) $154,750 (Median Sales Price) $158,000 (Median Sales Price) $127,000 (Median Sales Price) $112,500 (Median Sales Price) $0 (Median Sales Price) $148,000 (Median Foreclosure Sales Price) $151,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $155,750 (Median Sales Price) $154,750 (Median Sales Price) $158,000 (Median Sales Price) $127,000 (Median Sales Price) $112,500 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,166
175.5
% (y-o-y)
$247,000
2.9
% (y-o-y)
62.3%
59.2
% (y-o-y)
Orland Park
77
156.7
% (y-o-y)
$220,000
7.6
% (y-o-y)
9.5%
47.2
% (y-o-y)
TINLEY PARK
74
131.3
% (y-o-y)
$178,250
8.7
% (y-o-y)
20.1%
9.9
% (y-o-y)
Midlothian
40
90.5
% (y-o-y)
$95,500
26.8
% (y-o-y)
40.3%
46.4
% (y-o-y)
Hazel Crest
38
171.4
% (y-o-y)
$85,000
15.6
% (y-o-y)
39.6%
43.5
% (y-o-y)
Homewood
38
171.4
% (y-o-y)
$103,500
14.5
% (y-o-y)
15.0%
42.1
% (y-o-y)
Matteson
34
126.7
% (y-o-y)
$130,000
4.0
% (y-o-y)
19.2%
20.6
% (y-o-y)
Alsip
28
300.0
% (y-o-y)
$142,500
4.0
% (y-o-y)
47.7%
32.1
% (y-o-y)
Country Club Hills
25
13.8
% (y-o-y)
$120,879
112.8
% (y-o-y)
59.5%
11.5
% (y-o-y)
Blue Island
22
100.0
% (y-o-y)
$95,000
6.7
% (y-o-y)
54.2%
37.1
% (y-o-y)

Local Info For Oak Forest

Population:
27,685
Cost of Living Index: 111.62
Crime Index: 17.42     Rating: A View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $71,280
Unemployment: 6.40%
Percentage of vacant homes: 2.50%

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