Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $349,950
    1% ( $4,950 ) vs Jun 2013
  • Median Sales Price
    $370,000
    13% ( $41,250 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $180,250
    6% ( $9,750 ) vs Jun 2013
  • Foreclosures 247
    Homes for Sale 226
    Recently Sold 556

Market Summary

There are currently 247 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 226.

In July, the number of properties that received a foreclosure filing in Oak Park, IL was 54% lower than the previous month and 39% lower than the same time last year.

Home sales for June 2014 were up 1% compared with the previous month, and down 26% compared with a year ago. The median sales price of a non-distressed home was $370,000. The median sales price of a foreclosure home was $180,250, or 51% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$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) $171,250 (Median Foreclosure 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) $288,500 (Median 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) $171,250 (Median Foreclosure 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) $288,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,530
45.2
% (y-o-y)
$288,000
7.7
% (y-o-y)
66.7%
69.5
% (y-o-y)
Berwyn
51
48.0
% (y-o-y)
$151,000
2.7
% (y-o-y)
26.5%
36.7
% (y-o-y)
Cicero
45
44.4
% (y-o-y)
$107,000
9.7
% (y-o-y)
34.6%
41.8
% (y-o-y)
Elmwood Park
37
51.3
% (y-o-y)
$211,250
29.2
% (y-o-y)
47.2%
21.4
% (y-o-y)
Harwood Heights
32
6.7
% (y-o-y)
$238,750
13.7
% (y-o-y)
16.9%
7.1
% (y-o-y)
Melrose Park
32
57.9
% (y-o-y)
$130,500
4.4
% (y-o-y)
19.5%
32.6
% (y-o-y)
Bellwood
25
47.9
% (y-o-y)
$110,000
18.3
% (y-o-y)
52.3%
52.2
% (y-o-y)
Franklin Park
23
14.8
% (y-o-y)
$160,000
15.1
% (y-o-y)
37.5%
26.6
% (y-o-y)
Forest Park
22
42.1
% (y-o-y)
$194,250
17.7
% (y-o-y)
70.1%
65.9
% (y-o-y)
Westchester
22
46.3
% (y-o-y)
$203,500
15.0
% (y-o-y)
39.3%
23.4
% (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: 5.30%
Percentage of vacant homes: 9.17%