Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $374,750
    14% ( $44,850 ) vs Jan 2016
  • Median Sales Price
    $440,000
    17% ( $65,000 ) vs Jan 2016
  • Median Foreclosure Sales Price
    $239,500
    19% ( $37,500 ) vs Jan 2016
  • Foreclosures 157
    Homes for Sale 155
    Recently Sold 83

Market Summary

There are currently 157 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 155.

In February, the number of properties that received a foreclosure filing in Oak Park, IL was 28% higher than the previous month and 12% lower than the same time last year.

Home sales for January 2017 were down 80% compared with the previous month, and down 92% compared with a year ago. The median sales price of a non-distressed home was $440,000. The median sales price of a foreclosure home was $239,500, or 46% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$239,500 (Median Foreclosure Sales Price) $202,000 (Median Foreclosure Sales Price) $199,500 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $182,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $440,000 (Median Sales Price) $375,000 (Median Sales Price) $425,000 (Median Sales Price) $425,000 (Median Sales Price) $422,500 (Median Sales Price) $418,500 (Median Sales Price) $239,500 (Median Foreclosure Sales Price) $202,000 (Median Foreclosure Sales Price) $199,500 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $182,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $440,000 (Median Sales Price) $375,000 (Median Sales Price) $425,000 (Median Sales Price) $425,000 (Median Sales Price) $422,500 (Median Sales Price) $418,500 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
666
66.9
% (y-o-y)
$180,000
26.5
% (y-o-y)
63.9%
60.0
% (y-o-y)
Maywood
22
15.4
% (y-o-y)
$120,000
0.0
% (y-o-y)
47.9%
62.5
% (y-o-y)
Cicero
21
58.0
% (y-o-y)
$155,000
8.8
% (y-o-y)
47.2%
46.7
% (y-o-y)
Berwyn
20
67.2
% (y-o-y)
$211,000
14.5
% (y-o-y)
21.6%
45.2
% (y-o-y)
Melrose Park
15
53.1
% (y-o-y)
$192,500
10.0
% (y-o-y)
29.9%
48.6
% (y-o-y)
Broadview
10
28.6
% (y-o-y)
$105,000
25.7
% (y-o-y)
Data not available
Brookfield
7
53.3
% (y-o-y)
$235,000
0.0
% (y-o-y)
Data not available
Franklin Park
7
53.3
% (y-o-y)
$157,500
7.5
% (y-o-y)
17.2%
35.8
% (y-o-y)
Elmwood Park
7
77.4
% (y-o-y)
$289,000
24.6
% (y-o-y)
37.1%
23.2
% (y-o-y)
Forest Park
5
68.8
% (y-o-y)
$315,000
98.7
% (y-o-y)
Data not available

Local Info For Oak Park

Population:
51,426
Cost of Living Index: 122.51
Crime Index: 94.34     Rating: B View crime details
Schools: 11    Average School Rating: A- View individual school rating
Household Median Income: $73,068
Unemployment: 4.10%
Percentage of vacant homes: 9.17%

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