Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $399,000
    0% ( $0 ) vs Apr 2014
  • Median Sales Price
    $290,000
    6% ( $20,000 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $157,750
    24% ( $30,750 ) vs Apr 2014
  • Foreclosures 186
    Homes for Sale 243
    Recently Sold 222

Market Summary

There are currently 186 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 243.

In May, the number of properties that received a foreclosure filing in Oak Park, IL was 24% higher than the previous month and 94% higher than the same time last year.

Home sales for April 2015 were up 240% compared with the previous month, and down 80% compared with a year ago. The median sales price of a non-distressed home was $290,000. The median sales price of a foreclosure home was $157,750, or 46% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$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) $169,250 (Median Foreclosure 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) $310,000 (Median 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) $169,250 (Median Foreclosure 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) $310,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,681
59.3
% (y-o-y)
$250,000
4.2
% (y-o-y)
61.2%
65.5
% (y-o-y)
Cicero
53
13.1
% (y-o-y)
$106,000
2.8
% (y-o-y)
29.2%
32.1
% (y-o-y)
Berwyn
44
45.7
% (y-o-y)
$163,000
10.5
% (y-o-y)
41.7%
33.6
% (y-o-y)
Elmwood Park
37
27.5
% (y-o-y)
$200,750
4.7
% (y-o-y)
20.0%
25.7
% (y-o-y)
Melrose Park
25
45.7
% (y-o-y)
$140,000
21.7
% (y-o-y)
19.3%
20.0
% (y-o-y)
Maywood
21
34.4
% (y-o-y)
$77,000
10.0
% (y-o-y)
41.6%
48.6
% (y-o-y)
Bellwood
20
47.4
% (y-o-y)
$95,500
19.4
% (y-o-y)
48.2%
32.5
% (y-o-y)
Westchester
17
37.0
% (y-o-y)
$180,000
6.5
% (y-o-y)
30.0%
42.3
% (y-o-y)
Lyons
13
18.8
% (y-o-y)
$145,750
13.0
% (y-o-y)
Data not available
Franklin Park
13
40.9
% (y-o-y)
$139,000
1.4
% (y-o-y)
22.3%
27.1
% (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: 4.90%
Percentage of vacant homes: 9.17%