Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $359,999
    3% ( $10,099 ) vs Jul 2013
  • Median Sales Price
    $409,000
    11% ( $39,000 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $215,000
    19% ( $34,750 ) vs Jul 2013
  • Foreclosures 236
    Homes for Sale 172
    Recently Sold 595

Market Summary

There are currently 236 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 172.

In August, the number of properties that received a foreclosure filing in Oak Park, IL was 41% higher than the previous month and 29% lower than the same time last year.

Home sales for July 2014 were down 19% compared with the previous month, and down 51% compared with a year ago. The median sales price of a non-distressed home was $409,000. The median sales price of a foreclosure home was $215,000, or 47% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$215,000 (Median Foreclosure Sales Price) $180,250 (Median Foreclosure Sales Price) $170,500 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $179,000 (Median Foreclosure Sales Price) $193,500 (Median Foreclosure Sales Price) $409,000 (Median Sales Price) $370,000 (Median Sales Price) $328,750 (Median Sales Price) $300,000 (Median Sales Price) $278,500 (Median Sales Price) $292,000 (Median Sales Price) $215,000 (Median Foreclosure Sales Price) $180,250 (Median Foreclosure Sales Price) $170,500 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $179,000 (Median Foreclosure Sales Price) $193,500 (Median Foreclosure Sales Price) $409,000 (Median Sales Price) $370,000 (Median Sales Price) $328,750 (Median Sales Price) $300,000 (Median Sales Price) $278,500 (Median Sales Price) $292,000 (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)
Berwyn
56
57.6
% (y-o-y)
$151,500
1.0
% (y-o-y)
20.1%
36.7
% (y-o-y)
Cicero
50
56.9
% (y-o-y)
$105,500
6.8
% (y-o-y)
36.5%
41.8
% (y-o-y)
Melrose Park
44
41.3
% (y-o-y)
$129,000
0.8
% (y-o-y)
30.2%
28.8
% (y-o-y)
Elmwood Park
40
60.8
% (y-o-y)
$198,000
21.1
% (y-o-y)
43.7%
26.6
% (y-o-y)
Franklin Park
25
43.2
% (y-o-y)
$160,000
12.1
% (y-o-y)
25.0%
19.4
% (y-o-y)
Westchester
24
64.2
% (y-o-y)
$200,000
7.2
% (y-o-y)
25.0%
27.6
% (y-o-y)
Forest Park
23
20.7
% (y-o-y)
$202,500
2.6
% (y-o-y)
79.3%
56.9
% (y-o-y)
Harwood Heights
17
76.4
% (y-o-y)
$241,250
14.9
% (y-o-y)
13.0%
3.3
% (y-o-y)
Bellwood
15
65.1
% (y-o-y)
$101,000
4.1
% (y-o-y)
48.0%
53.4
% (y-o-y)

Local Info For Oak Park

Population:
51,426
Cost of Living Index: 122.51
Crime Index: 53.12     Rating: B+ View crime details
Schools: 11    Average School Rating: A- View individual school rating
Household Median Income: $73,068
Unemployment: 5.20%
Percentage of vacant homes: 9.17%