Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $354,900
    0% ( $0 ) vs May 2013
  • Median Sales Price
    $328,750
    10% ( $28,750 ) vs May 2013
  • Median Foreclosure Sales Price
    $170,500
    42% ( $50,500 ) vs May 2013
  • Foreclosures 255
    Homes for Sale 219
    Recently Sold 583

Market Summary

There are currently 255 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 219.

In June, the number of properties that received a foreclosure filing in Oak Park, IL was 131% higher than the previous month and 16% lower than the same time last year.

Home sales for May 2014 were down 22% compared with the previous month, and down 26% compared with a year ago. The median sales price of a non-distressed home was $328,750. The median sales price of a foreclosure home was $170,500, or 48% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$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) $164,500 (Median Foreclosure 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) $277,000 (Median 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) $164,500 (Median Foreclosure 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) $277,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,647
16.7
% (y-o-y)
$277,000
13.5
% (y-o-y)
65.7%
68.0
% (y-o-y)
Cicero
74
17.8
% (y-o-y)
$108,500
16.7
% (y-o-y)
35.5%
35.5
% (y-o-y)
Berwyn
63
25.9
% (y-o-y)
$150,000
8.3
% (y-o-y)
30.0%
34.8
% (y-o-y)
Melrose Park
50
9.1
% (y-o-y)
$129,500
17.7
% (y-o-y)
27.4%
11.8
% (y-o-y)
Elmwood Park
46
39.5
% (y-o-y)
$188,000
24.7
% (y-o-y)
46.3%
18.1
% (y-o-y)
Franklin Park
32
5.9
% (y-o-y)
$160,000
18.5
% (y-o-y)
40.6%
29.6
% (y-o-y)
Maywood
32
45.5
% (y-o-y)
$70,000
29.6
% (y-o-y)
49.3%
35.2
% (y-o-y)
Brookfield
31
14.8
% (y-o-y)
$183,500
0.8
% (y-o-y)
18.3%
27.9
% (y-o-y)
Harwood Heights
30
23.1
% (y-o-y)
$242,000
15.2
% (y-o-y)
22.7%
15.7
% (y-o-y)
Westchester
27
18.2
% (y-o-y)
$200,000
11.1
% (y-o-y)
43.1%
23.1
% (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: 5.20%
Percentage of vacant homes: 9.17%