Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $349,900
    7% ( $25,100 ) vs Nov 2014
  • Median Sales Price
    $305,500
    0% ( $0 ) vs Nov 2014
  • Median Foreclosure Sales Price
    $185,000
    1% ( $2,500 ) vs Nov 2014
  • Foreclosures 165
    Homes for Sale 171
    Recently Sold 623

Market Summary

There are currently 165 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 171.

In December, the number of properties that received a foreclosure filing in Oak Park, IL was 29% lower than the previous month and 40% lower than the same time last year.

Home sales for November 2015 were up 2000% compared with the previous month, and down 52% compared with a year ago. The median sales price of a non-distressed home was $305,500. The median sales price of a foreclosure home was $185,000, or 39% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$185,000 (Median Foreclosure Sales Price) $182,500 (Median Foreclosure Sales Price) $192,500 (Median Foreclosure Sales Price) $166,000 (Median Foreclosure Sales Price) $186,750 (Median Foreclosure Sales Price) $188,500 (Median Foreclosure Sales Price) $305,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $395,000 (Median Sales Price) $354,000 (Median Sales Price) $332,500 (Median Sales Price) $185,000 (Median Foreclosure Sales Price) $182,500 (Median Foreclosure Sales Price) $192,500 (Median Foreclosure Sales Price) $166,000 (Median Foreclosure Sales Price) $186,750 (Median Foreclosure Sales Price) $188,500 (Median Foreclosure Sales Price) $305,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $395,000 (Median Sales Price) $354,000 (Median Sales Price) $332,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,889
28.5
% (y-o-y)
$237,000
12.4
% (y-o-y)
57.4%
64.9
% (y-o-y)
Berwyn
57
9.5
% (y-o-y)
$190,000
18.8
% (y-o-y)
37.0%
27.7
% (y-o-y)
Cicero
50
0.0
% (y-o-y)
$140,000
7.7
% (y-o-y)
41.1%
39.8
% (y-o-y)
Elmwood Park
30
33.3
% (y-o-y)
$224,000
27.8
% (y-o-y)
32.6%
13.8
% (y-o-y)
Harwood Heights
29
26.1
% (y-o-y)
$265,000
8.6
% (y-o-y)
37.2%
33.4
% (y-o-y)
Melrose Park
28
20.0
% (y-o-y)
$215,000
53.6
% (y-o-y)
65.6%
21.4
% (y-o-y)
Maywood
23
4.5
% (y-o-y)
Data not available
Data not available
Bellwood
22
83.3
% (y-o-y)
$116,000
20.2
% (y-o-y)
48.7%
45.6
% (y-o-y)
Franklin Park
18
25.0
% (y-o-y)
$137,500
8.3
% (y-o-y)
Data not available
Brookfield
17
0.0
% (y-o-y)
$245,000
7.0
% (y-o-y)
53.1%
42.8
% (y-o-y)

Local Info For Oak Park

Population:
51,426
Cost of Living Index: 122.51
Crime Index: 49.05     Rating: A- View crime details
Schools: 11    Average School Rating: A- View individual school rating
Household Median Income: $73,068
Unemployment: 4.20%
Percentage of vacant homes: 9.17%

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