Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $334,500
    4% ( $12,450 ) vs Oct 2013
  • Median Sales Price
    $320,000
    6% ( $20,000 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $190,000
    5% ( $10,000 ) vs Oct 2013
  • Foreclosures 214
    Homes for Sale 136
    Recently Sold 676

Market Summary

There are currently 214 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 136.

In November, the number of properties that received a foreclosure filing in Oak Park, IL was 6% lower than the previous month and 45% lower than the same time last year.

Home sales for October 2014 were up 4% compared with the previous month, and up 73% compared with a year ago. The median sales price of a non-distressed home was $320,000. The median sales price of a foreclosure home was $190,000, or 41% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$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) $170,500 (Median Foreclosure 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) $328,750 (Median 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) $170,500 (Median Foreclosure 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) $328,750 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,435
20.1
% (y-o-y)
$280,000
5.7
% (y-o-y)
62.5%
65.7
% (y-o-y)
Berwyn
107
30.5
% (y-o-y)
$160,000
18.5
% (y-o-y)
21.9%
23.0
% (y-o-y)
Cicero
85
7.6
% (y-o-y)
$130,000
22.6
% (y-o-y)
38.5%
41.0
% (y-o-y)
Elmwood Park
70
11.1
% (y-o-y)
$194,000
14.1
% (y-o-y)
21.6%
29.4
% (y-o-y)
Melrose Park
67
9.5
% (y-o-y)
$135,000
6.5
% (y-o-y)
21.9%
25.8
% (y-o-y)
Westchester
47
20.5
% (y-o-y)
$203,000
11.8
% (y-o-y)
Data not available
Harwood Heights
39
35.0
% (y-o-y)
$247,500
7.6
% (y-o-y)
33.4%
6.6
% (y-o-y)
Franklin Park
38
65.2
% (y-o-y)
$150,000
15.4
% (y-o-y)
23.0%
19.2
% (y-o-y)
Bellwood
38
17.4
% (y-o-y)
$106,500
8.1
% (y-o-y)
44.6%
49.7
% (y-o-y)
Forest Park
34
0.0
% (y-o-y)
$141,000
19.4
% (y-o-y)
67.4%
42.0
% (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: 4.70%
Percentage of vacant homes: 9.17%