Oak Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $335,000
    4% ( $13,500 ) vs Dec 2013
  • Median Sales Price
    $291,000
    7% ( $20,500 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $185,000
    9% ( $15,750 ) vs Dec 2013
  • Foreclosures 190
    Homes for Sale 154
    Recently Sold 495

Market Summary

There are currently 190 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 154.

In January, the number of properties that received a foreclosure filing in Oak Park, IL was 4% higher than the previous month and 35% lower than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $291,000. The median sales price of a foreclosure home was $185,000, or 36% lower than non-distressed home sales.

Sales Prices - Oak Park, IL




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$185,000 (Median Foreclosure Sales Price) $169,250 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $251,250 (Median Foreclosure Sales Price) $215,000 (Median Foreclosure Sales Price) $291,000 (Median Sales Price) $311,500 (Median Sales Price) $320,000 (Median Sales Price) $340,000 (Median Sales Price) $377,500 (Median Sales Price) $406,000 (Median 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) $251,250 (Median Foreclosure Sales Price) $215,000 (Median Foreclosure Sales Price) $291,000 (Median Sales Price) $311,500 (Median Sales Price) $320,000 (Median Sales Price) $340,000 (Median Sales Price) $377,500 (Median Sales Price) $406,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
618
81.0
% (y-o-y)
$260,000
1.6
% (y-o-y)
63.8%
64.8
% (y-o-y)
Cicero
26
64.4
% (y-o-y)
$140,000
61.8
% (y-o-y)
44.3%
18.5
% (y-o-y)
Berwyn
20
76.7
% (y-o-y)
$157,000
12.1
% (y-o-y)
29.0%
27.1
% (y-o-y)
Maywood
20
31.0
% (y-o-y)
$117,000
67.1
% (y-o-y)
66.7%
34.3
% (y-o-y)
Elmwood Park
19
62.7
% (y-o-y)
$150,000
11.8
% (y-o-y)
0.7%
11.8
% (y-o-y)
Melrose Park
14
77.8
% (y-o-y)
$130,000
0.0
% (y-o-y)
9.6%
19.2
% (y-o-y)
Bellwood
11
52.2
% (y-o-y)
$90,000
8.6
% (y-o-y)
34.4%
43.4
% (y-o-y)
Broadview
9
43.8
% (y-o-y)
$125,000
12.3
% (y-o-y)
41.6%
66.1
% (y-o-y)
Franklin Park
9
62.5
% (y-o-y)
$135,000
4.4
% (y-o-y)
20.7%
4.1
% (y-o-y)
Westchester
7
74.1
% (y-o-y)
$205,000
8.3
% (y-o-y)
26.8%
32.6
% (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: 4.30%
Percentage of vacant homes: 9.17%