Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $369,000
    8% ( $30,000 ) vs May 2014
  • Median Sales Price
    $310,000
    7% ( $20,000 ) vs May 2014
  • Median Foreclosure Sales Price
    $188,500
    19% ( $30,750 ) vs May 2014
  • Foreclosures 181
    Homes for Sale 189
    Recently Sold 185

Market Summary

There are currently 181 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 189.

In June, the number of properties that received a foreclosure filing in Oak Park, IL was 6% higher than the previous month and 11% lower than the same time last year.

Home sales for May 2015 were up 165% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $310,000. The median sales price of a foreclosure home was $188,500, or 39% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$188,500 (Median Foreclosure Sales Price) $157,750 (Median Foreclosure Sales Price) $127,000 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $114,000 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $310,000 (Median Sales Price) $290,000 (Median Sales Price) $310,000 (Median Sales Price) $328,500 (Median Sales Price) $307,500 (Median Sales Price) $315,000 (Median Sales Price) $188,500 (Median Foreclosure Sales Price) $157,750 (Median Foreclosure Sales Price) $127,000 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $114,000 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $310,000 (Median Sales Price) $290,000 (Median Sales Price) $310,000 (Median Sales Price) $328,500 (Median Sales Price) $307,500 (Median Sales Price) $315,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,591
29.0
% (y-o-y)
$276,500
0.5
% (y-o-y)
60.9%
65.8
% (y-o-y)
Berwyn
84
33.3
% (y-o-y)
$159,250
6.2
% (y-o-y)
38.3%
28.7
% (y-o-y)
Cicero
57
23.0
% (y-o-y)
$128,450
18.4
% (y-o-y)
37.3%
35.5
% (y-o-y)
Elmwood Park
48
4.3
% (y-o-y)
$222,500
18.4
% (y-o-y)
29.7%
46.3
% (y-o-y)
Melrose Park
33
34.0
% (y-o-y)
$161,000
24.3
% (y-o-y)
39.4%
27.4
% (y-o-y)
Bellwood
25
47.1
% (y-o-y)
$112,000
1.8
% (y-o-y)
54.5%
45.9
% (y-o-y)
Brookfield
25
19.4
% (y-o-y)
$260,000
41.7
% (y-o-y)
56.9%
18.3
% (y-o-y)
Riverside
25
4.2
% (y-o-y)
$320,000
28.0
% (y-o-y)
31.2%
38.8
% (y-o-y)
Westchester
25
7.4
% (y-o-y)
$185,000
7.5
% (y-o-y)
22.2%
43.1
% (y-o-y)
Franklin Park
23
28.1
% (y-o-y)
$124,000
22.5
% (y-o-y)
5.0%
40.6
% (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: 5.30%
Percentage of vacant homes: 9.17%