Oak Lawn, IL Home Values & Market Trends
Real estate market trends reflect that there have been 1,129 transactions over the past year in Oak Lawn. The median value for residential home transactions that occurred over the previous year is $259,990.57. The number of current listings in Oak Lawn is 28, and the percentage of properties for sale in the city is 28.00%. Oak Lawn, IL currently has 105 properties in foreclosure, 5 bank owned properties, 14 properties headed for auction, and 28 properties for sale.
Oak Lawn, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60453 | $ 267,163 $ 175/sqft |
Housing Market Summary for Oak Lawn, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $344.7K | $234.8K | -31.89% |
| Median Sold Price | $244.8K | $234.8K | -4.12% |
| Homes For Sale | 25 | 17 | -32.00% |
| Homes Sold | 726 | 436 | -39.94% |
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 Lawn, IL
Browse Homes in Oak Lawn, IL
Oak Lawn home values range from $21,441 to $1,082,785. The median estimated value of a home in Oak Lawn is $259,990.57. The median list price of a home is 275,000, and the total count of properties in the city is 23,782.
- Pre-ForeclosurePre-foreclosure homes account for 0.36% of all residential properties in Oak Lawn, IL with 60453 containing 85 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Oak Lawn, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $634,859 in 60453 to the lowest home value of $87,886 in 60453.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Oak Lawn, IL ranges from the highest value of $306,030 in 60453 to the lowest value of $150,900 in 60453. Bank owned homes and properties account for 0.02% of properties in Oak Lawn, IL. There is 1 zips within Oak Lawn, IL; 60453 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60453 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Oak Lawn, IL. Auction homes and other auction properties account for 0.06% of all properties in Oak Lawn, IL. There is 1 zips within Oak Lawn, IL; of that zips, the median estimated home value for homes going to auction ranges from $395,750 in 60453 to the lowest value of $128,221 in 60453.
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