Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $399,000
    0% ( $500 ) vs Mar 2014
  • Median Sales Price
    $310,000
    6% ( $18,500 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $127,000
    42% ( $90,500 ) vs Mar 2014
  • Foreclosures 185
    Homes for Sale 224
    Recently Sold 301

Market Summary

There are currently 185 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 224.

In April, the number of properties that received a foreclosure filing in Oak Park, IL was 29% lower than the previous month and 11% lower than the same time last year.

Home sales for March 2015 were down 72% compared with the previous month, and down 86% compared with a year ago. The median sales price of a non-distressed home was $310,000. The median sales price of a foreclosure home was $127,000, or 59% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$127,000 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $114,000 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $169,250 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $310,000 (Median Sales Price) $328,500 (Median Sales Price) $307,500 (Median Sales Price) $315,000 (Median Sales Price) $310,000 (Median Sales Price) $320,000 (Median Sales Price) $127,000 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $114,000 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $169,250 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $310,000 (Median Sales Price) $328,500 (Median Sales Price) $307,500 (Median Sales Price) $315,000 (Median Sales Price) $310,000 (Median Sales Price) $320,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,149
62.8
% (y-o-y)
$240,000
2.0
% (y-o-y)
59.2%
63.5
% (y-o-y)
Cicero
49
19.7
% (y-o-y)
$95,000
4.0
% (y-o-y)
26.8%
26.3
% (y-o-y)
Berwyn
46
34.3
% (y-o-y)
$159,000
7.4
% (y-o-y)
41.0%
33.1
% (y-o-y)
Elmwood Park
23
34.3
% (y-o-y)
$176,000
4.6
% (y-o-y)
9.1%
36.7
% (y-o-y)
Maywood
21
12.5
% (y-o-y)
$82,000
0.0
% (y-o-y)
54.3%
56.1
% (y-o-y)
Forest Park
16
36.0
% (y-o-y)
$89,000
21.2
% (y-o-y)
Data not available
Melrose Park
15
70.6
% (y-o-y)
$128,250
2.6
% (y-o-y)
11.0%
28.0
% (y-o-y)
Harwood Heights
12
55.6
% (y-o-y)
$247,000
5.6
% (y-o-y)
20.0%
18.4
% (y-o-y)
Westchester
11
52.2
% (y-o-y)
$189,500
4.4
% (y-o-y)
37.7%
37.3
% (y-o-y)
Franklin Park
11
8.3
% (y-o-y)
$148,500
0.7
% (y-o-y)
24.6%
25.4
% (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: 4.80%
Percentage of vacant homes: 9.17%