Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $366,000
    2% ( $6,001 ) vs Aug 2013
  • Median Sales Price
    $377,500
    7% ( $28,500 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $251,250
    17% ( $36,250 ) vs Aug 2013
  • Foreclosures 224
    Homes for Sale 207
    Recently Sold 630

Market Summary

There are currently 224 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 207.

In September, the number of properties that received a foreclosure filing in Oak Park, IL was 8% higher than the previous month and 7% lower than the same time last year.

Home sales for August 2014 were up 9% compared with the previous month, and down 46% compared with a year ago. The median sales price of a non-distressed home was $377,500. The median sales price of a foreclosure home was $251,250, or 33% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$251,250 (Median Foreclosure Sales Price) $215,000 (Median Foreclosure Sales Price) $180,250 (Median Foreclosure Sales Price) $170,500 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $179,000 (Median Foreclosure Sales Price) $377,500 (Median Sales Price) $406,000 (Median Sales Price) $370,000 (Median Sales Price) $328,750 (Median Sales Price) $300,000 (Median Sales Price) $278,500 (Median Sales Price) $251,250 (Median Foreclosure Sales Price) $215,000 (Median Foreclosure Sales Price) $180,250 (Median Foreclosure Sales Price) $170,500 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $179,000 (Median Foreclosure Sales Price) $377,500 (Median Sales Price) $406,000 (Median Sales Price) $370,000 (Median Sales Price) $328,750 (Median Sales Price) $300,000 (Median Sales Price) $278,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,064
40.0
% (y-o-y)
$292,500
5.6
% (y-o-y)
66.2%
68.6
% (y-o-y)
Berwyn
68
46.0
% (y-o-y)
$155,000
3.3
% (y-o-y)
21.8%
33.3
% (y-o-y)
Cicero
48
55.6
% (y-o-y)
$120,000
24.4
% (y-o-y)
38.7%
42.0
% (y-o-y)
Elmwood Park
42
46.2
% (y-o-y)
$211,250
25.4
% (y-o-y)
37.5%
31.2
% (y-o-y)
Melrose Park
40
55.1
% (y-o-y)
$130,000
4.4
% (y-o-y)
27.3%
32.1
% (y-o-y)
Bellwood
29
35.6
% (y-o-y)
$105,000
5.0
% (y-o-y)
44.8%
55.0
% (y-o-y)
Brookfield
28
51.7
% (y-o-y)
$223,750
15.9
% (y-o-y)
22.5%
35.8
% (y-o-y)
Forest Park
26
3.7
% (y-o-y)
$171,500
3.9
% (y-o-y)
70.8%
57.3
% (y-o-y)
Franklin Park
22
26.7
% (y-o-y)
$146,750
7.1
% (y-o-y)
18.2%
17.5
% (y-o-y)
Harwood Heights
20
55.6
% (y-o-y)
$250,000
14.5
% (y-o-y)
22.0%
7.0
% (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: 4.70%
Percentage of vacant homes: 9.17%