Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $395,000
    9% ( $33,750 ) vs Apr 2015
  • Median Sales Price
    $283,500
    1% ( $2,500 ) vs Apr 2015
  • Median Foreclosure Sales Price
    $210,000
    20% ( $35,500 ) vs Apr 2015
  • Foreclosures 178
    Homes for Sale 226
    Recently Sold 328

Market Summary

There are currently 178 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 May, the number of properties that received a foreclosure filing in Oak Park, IL was 12% lower than the previous month and 29% lower than the same time last year.

Home sales for April 2016 were down 2% compared with the previous month, and up 194% compared with a year ago. The median sales price of a non-distressed home was $283,500. The median sales price of a foreclosure home was $210,000, or 26% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$210,000 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $172,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $283,500 (Median Sales Price) $286,000 (Median Sales Price) $313,000 (Median Sales Price) $337,250 (Median Sales Price) $318,250 (Median Sales Price) $317,500 (Median Sales Price) $210,000 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $172,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $283,500 (Median Sales Price) $286,000 (Median Sales Price) $313,000 (Median Sales Price) $337,250 (Median Sales Price) $318,250 (Median Sales Price) $317,500 (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
2,423
44.1
% (y-o-y)
$255,500
2.2
% (y-o-y)
65.0%
61.1
% (y-o-y)
Berwyn
58
31.8
% (y-o-y)
$173,250
6.3
% (y-o-y)
37.1%
41.7
% (y-o-y)
Cicero
52
1.9
% (y-o-y)
$148,000
39.6
% (y-o-y)
48.0%
29.2
% (y-o-y)
Elmwood Park
40
8.1
% (y-o-y)
$176,500
12.1
% (y-o-y)
22.1%
20.0
% (y-o-y)
Melrose Park
26
4.0
% (y-o-y)
$152,500
10.9
% (y-o-y)
31.1%
17.8
% (y-o-y)
Westchester
24
41.2
% (y-o-y)
$223,000
23.9
% (y-o-y)
35.5%
30.0
% (y-o-y)
Maywood
23
9.5
% (y-o-y)
$75,000
2.6
% (y-o-y)
42.0%
41.6
% (y-o-y)
Harwood Heights
23
91.7
% (y-o-y)
$245,000
0.8
% (y-o-y)
0.9%
28.5
% (y-o-y)
Forest Park
22
214.3
% (y-o-y)
$165,000
53.8
% (y-o-y)
71.4%
12.4
% (y-o-y)
Bellwood
19
5.0
% (y-o-y)
$119,000
24.6
% (y-o-y)
46.6%
48.2
% (y-o-y)

Local Info For Oak Park

Population:
51,426
Cost of Living Index: 122.51
Crime Index: 49.05     Rating: A- View crime details
Schools: 11    Average School Rating: A- View individual school rating
Household Median Income: $73,068
Unemployment: 4.60%
Percentage of vacant homes: 9.17%

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