Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $398,500
    20% ( $65,550 ) vs Feb 2014
  • Median Sales Price
    $328,500
    7% ( $21,000 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $217,500
    91% ( $103,500 ) vs Feb 2014
  • Foreclosures 177
    Homes for Sale 202
    Recently Sold 381

Market Summary

There are currently 177 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 202.

In March, the number of properties that received a foreclosure filing in Oak Park, IL was 169% higher than the previous month and 17% higher than the same time last year.

Home sales for February 2015 were down 49% compared with the previous month, and down 55% compared with a year ago. The median sales price of a non-distressed home was $328,500. The median sales price of a foreclosure home was $217,500, or 34% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$217,500 (Median Foreclosure Sales Price) $114,000 (Median Foreclosure Sales Price) $185,000 (Median Foreclosure Sales Price) $169,250 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $328,500 (Median Sales Price) $307,500 (Median Sales Price) $315,000 (Median Sales Price) $310,000 (Median Sales Price) $320,000 (Median Sales Price) $340,000 (Median 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) $190,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $328,500 (Median Sales Price) $307,500 (Median Sales Price) $315,000 (Median Sales Price) $310,000 (Median Sales Price) $320,000 (Median Sales Price) $340,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,786
30.2
% (y-o-y)
$245,000
2.0
% (y-o-y)
60.4%
64.4
% (y-o-y)
Cicero
55
3.5
% (y-o-y)
$105,500
17.2
% (y-o-y)
32.0%
18.9
% (y-o-y)
Berwyn
43
30.6
% (y-o-y)
$170,000
13.3
% (y-o-y)
38.2%
32.0
% (y-o-y)
Elmwood Park
37
2.8
% (y-o-y)
$175,000
8.0
% (y-o-y)
14.6%
10.5
% (y-o-y)
Maywood
31
14.8
% (y-o-y)
$75,000
17.6
% (y-o-y)
49.2%
59.3
% (y-o-y)
Melrose Park
29
29.3
% (y-o-y)
$135,000
4.7
% (y-o-y)
13.6%
29.8
% (y-o-y)
Bellwood
18
55.0
% (y-o-y)
$129,500
60.9
% (y-o-y)
61.4%
31.1
% (y-o-y)
Franklin Park
16
14.3
% (y-o-y)
$150,000
0.0
% (y-o-y)
25.3%
20.0
% (y-o-y)
Westchester
16
30.4
% (y-o-y)
$189,000
2.1
% (y-o-y)
29.6%
44.8
% (y-o-y)
Brookfield
14
22.2
% (y-o-y)
$235,000
47.8
% (y-o-y)
57.2%
18.2
% (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%