Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $321,500
    4% ( $13,000 ) vs Nov 2013
  • Median Sales Price
    $311,500
    3% ( $8,500 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $169,250
    11% ( $20,750 ) vs Nov 2013
  • Foreclosures 210
    Homes for Sale 142
    Recently Sold 575

Market Summary

There are currently 210 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 142.

In December, the number of properties that received a foreclosure filing in Oak Park, IL was 47% higher than the previous month and 14% lower than the same time last year.

Home sales for November 2014 were down 61% compared with the previous month, and down 35% compared with a year ago. The median sales price of a non-distressed home was $311,500. The median sales price of a foreclosure home was $169,250, or 46% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$169,250 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $251,250 (Median Foreclosure Sales Price) $215,000 (Median Foreclosure Sales Price) $180,250 (Median Foreclosure Sales Price) $311,500 (Median Sales Price) $320,000 (Median Sales Price) $340,000 (Median Sales Price) $377,500 (Median Sales Price) $406,000 (Median Sales Price) $370,000 (Median Sales Price) $169,250 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $251,250 (Median Foreclosure Sales Price) $215,000 (Median Foreclosure Sales Price) $180,250 (Median Foreclosure Sales Price) $311,500 (Median Sales Price) $320,000 (Median Sales Price) $340,000 (Median Sales Price) $377,500 (Median Sales Price) $406,000 (Median Sales Price) $370,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,098
30.9
% (y-o-y)
$272,500
4.8
% (y-o-y)
65.1%
65.4
% (y-o-y)
Berwyn
53
47.0
% (y-o-y)
$160,000
18.5
% (y-o-y)
27.3%
21.1
% (y-o-y)
Cicero
40
43.7
% (y-o-y)
$130,000
50.3
% (y-o-y)
39.8%
24.3
% (y-o-y)
Elmwood Park
39
22.0
% (y-o-y)
$176,750
7.0
% (y-o-y)
14.6%
30.1
% (y-o-y)
Melrose Park
31
34.0
% (y-o-y)
$140,750
11.7
% (y-o-y)
21.8%
25.0
% (y-o-y)
Franklin Park
23
4.5
% (y-o-y)
$150,000
15.4
% (y-o-y)
20.5%
7.7
% (y-o-y)
Westchester
23
4.2
% (y-o-y)
$210,000
19.3
% (y-o-y)
Data not available
Maywood
17
32.0
% (y-o-y)
$110,000
47.2
% (y-o-y)
64.1%
37.1
% (y-o-y)
Riverside
17
19.0
% (y-o-y)
$219,250
18.8
% (y-o-y)
5.6%
33.3
% (y-o-y)
Harwood Heights
16
38.5
% (y-o-y)
$244,000
5.2
% (y-o-y)
33.4%
6.9
% (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: 4.30%
Percentage of vacant homes: 9.17%