Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $346,950
    3% ( $10,550 ) vs Sep 2013
  • Median Sales Price
    $340,000
    10% ( $37,500 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $200,000
    20% ( $51,250 ) vs Sep 2013
  • Foreclosures 224
    Homes for Sale 119
    Recently Sold 668

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 119.

In October, the number of properties that received a foreclosure filing in Oak Park, IL was 31% lower than the previous month and 51% lower than the same time last year.

Home sales for September 2014 were up 46% compared with the previous month, and up 7% compared with a year ago. The median sales price of a non-distressed home was $340,000. The median sales price of a foreclosure home was $200,000, or 41% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$200,000 (Median Foreclosure 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) $340,000 (Median 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) $200,000 (Median Foreclosure 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) $340,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,445
3.5
% (y-o-y)
$290,000
5.8
% (y-o-y)
65.5%
67.7
% (y-o-y)
Berwyn
111
3.7
% (y-o-y)
$160,000
14.3
% (y-o-y)
23.3%
25.0
% (y-o-y)
Cicero
77
23.0
% (y-o-y)
$114,000
25.3
% (y-o-y)
33.2%
36.8
% (y-o-y)
Elmwood Park
72
10.0
% (y-o-y)
$208,000
23.4
% (y-o-y)
18.3%
34.1
% (y-o-y)
Melrose Park
57
23.0
% (y-o-y)
$135,000
7.1
% (y-o-y)
34.1%
24.6
% (y-o-y)
Westchester
48
54.8
% (y-o-y)
$212,500
10.4
% (y-o-y)
27.1%
26.2
% (y-o-y)
Harwood Heights
43
8.5
% (y-o-y)
$250,500
8.9
% (y-o-y)
32.1%
8.2
% (y-o-y)
Lyons
31
82.4
% (y-o-y)
$130,000
7.4
% (y-o-y)
38.8%
46.3
% (y-o-y)
Riverside
30
30.2
% (y-o-y)
$233,250
22.3
% (y-o-y)
21.5%
55.0
% (y-o-y)
Bellwood
30
25.0
% (y-o-y)
$101,000
6.3
% (y-o-y)
41.6%
51.6
% (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%