Oak Park, IL Home Values & Market Trends
Real estate market trends reflect that there have been 853 transactions over the past year in Oak Park. The median value for residential home transactions that occurred over the previous year is $417,411.91. The number of current listings in Oak Park is 32, and the percentage of properties for sale in the city is 32.00%. Oak Park, IL currently has 44 properties in foreclosure, 4 bank owned properties, 9 properties headed for auction, and 32 properties for sale.
Oak Park, IL Real Estate Market Overview
Housing Market Summary for Oak Park, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $269K | $361.4K | 34.37% |
| Median Sold Price | $420.2K | $361.4K | -13.97% |
| Homes For Sale | 21 | 31 | 47.62% |
| Homes Sold | 493 | 484 | -1.83% |
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 $27,118 to $2,538,990. The median estimated value of a home in Oak Park is $417,411.91. The median list price of a home is 394,950, and the total count of properties in the city is 15,292.
- Pre-ForeclosurePre-foreclosure homes account for 0.20% of all residential properties in Oak Park, IL with 60302 containing 25 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 $798,254 in 60304 to the lowest home value of $66,359 in 60302.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Oak Park, IL ranges from the highest value of $144,002 in 60304 to the lowest value of $111,064 in 60302. Bank owned homes and properties account for 0.03% of properties in Oak Park, IL. There are 3 zips within Oak Park, IL; 60302 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60302 has 8 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 0.06% 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 $949,000 in 60304 to the lowest value of $55,834 in 60304.
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