Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $359,000
    3% ( $10,000 ) vs Jun 2014
  • Median Sales Price
    $332,500
    7% ( $22,500 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $188,500
    0% ( $0 ) vs Jun 2014
  • Foreclosures 187
    Homes for Sale 245
    Recently Sold 120

Market Summary

There are currently 187 properties in Oak Park, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 245.

In July, the number of properties that received a foreclosure filing in Oak Park, IL was 9% lower than the previous month and 76% higher than the same time last year.

Home sales for June 2015 were down 27% compared with the previous month, and down 51% compared with a year ago. The median sales price of a non-distressed home was $332,500. The median sales price of a foreclosure home was $188,500, or 43% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$188,500 (Median Foreclosure Sales Price) $188,500 (Median Foreclosure Sales Price) $157,750 (Median Foreclosure Sales Price) $127,000 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $114,000 (Median Foreclosure Sales Price) $332,500 (Median Sales Price) $310,000 (Median Sales Price) $290,000 (Median Sales Price) $310,000 (Median Sales Price) $328,500 (Median Sales Price) $307,500 (Median Sales Price) $188,500 (Median Foreclosure Sales Price) $188,500 (Median Foreclosure Sales Price) $157,750 (Median Foreclosure Sales Price) $127,000 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $114,000 (Median Foreclosure Sales Price) $332,500 (Median Sales Price) $310,000 (Median Sales Price) $290,000 (Median Sales Price) $310,000 (Median Sales Price) $328,500 (Median Sales Price) $307,500 (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)
Berwyn
63
23.5
% (y-o-y)
$171,250
13.4
% (y-o-y)
34.1%
25.2
% (y-o-y)
Elmwood Park
37
0.0
% (y-o-y)
$225,000
6.5
% (y-o-y)
36.1%
47.2
% (y-o-y)
Cicero
35
22.2
% (y-o-y)
$129,900
21.4
% (y-o-y)
31.1%
34.6
% (y-o-y)
Melrose Park
29
9.4
% (y-o-y)
$162,000
24.1
% (y-o-y)
41.4%
19.5
% (y-o-y)
Maywood
24
26.3
% (y-o-y)
$69,750
6.4
% (y-o-y)
35.5%
51.7
% (y-o-y)
Bellwood
22
12.0
% (y-o-y)
$112,500
4.7
% (y-o-y)
55.6%
51.2
% (y-o-y)
Westchester
20
9.1
% (y-o-y)
$200,000
1.7
% (y-o-y)
29.0%
39.3
% (y-o-y)
Brookfield
18
5.3
% (y-o-y)
$242,400
25.6
% (y-o-y)
48.4%
19.7
% (y-o-y)
Riverside
13
7.1
% (y-o-y)
$391,000
43.8
% (y-o-y)
43.7%
50.2
% (y-o-y)

Local Info For Oak Park

Population:
51,426
Cost of Living Index: 122.51
Crime Index: 55.03     Rating: B+ View crime details
Schools: 11    Average School Rating: A- View individual school rating
Household Median Income: $73,068
Unemployment: 5.40%
Percentage of vacant homes: 9.17%