Oak Park, IL Home Values & Market Trends
Real estate market trends reflect that there have been 905 transactions over the past year in Oak Park. The median value for residential home transactions that occurred over the previous year is $587,408. The number of current listings in Oak Park is 464, and the percentage of properties for sale in the city is 464.00%. Oak Park, IL currently has 48 properties in foreclosure, 3 bank owned properties, 4 properties headed for auction, and 464 properties for sale.
Oak Park, IL Real Estate Market Overview
Housing Market Summary for Oak Park, IL
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $449K | $400K | -10.91% |
| Median Sold Price | $511.7K | $396.5K | -22.52% |
| Homes For Sale | 383 | 464 | 21.15% |
| Homes Sold | 442 | 405 | -8.37% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Oak Park, IL
Browse Homes in Oak Park, IL
Oak Park home values range from $92,500 to $2,105,699. The median estimated value of a home in Oak Park is $587,408. The median list price of a home is 400,000, and the total count of properties in the city is 961.
- Pre-ForeclosurePre-foreclosure homes account for 4.27% of all residential properties in Oak Park, IL with 60302 containing 23 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Oak Park, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,071,081 in 60304 to the lowest home value of $127,915 in 60302.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Oak Park, IL ranges from the highest value of $556,777 in 60304 to the lowest value of $241,518 in 60302. Bank owned homes and properties account for 0.31% of properties in Oak Park, IL. There are 3 zips within Oak Park, IL; 60302 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60302 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Oak Park, IL. Auction homes and other auction properties account for 0.42% of all properties in Oak Park, IL. There are 3 zips within Oak Park, IL; of those zips, the median estimated home value for homes going to auction ranges from $705,199 in 60302 to the lowest value of $486,173 in 60302.
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Guide for Oak Park, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
