13 new real estate properties in Oak Park, Illinois have been added to Ofirio in the last 7 days.
Of those new properties:
Oak Park, Illinois has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 2% lower than than the list price. The demand for luxury real estate is lower than the demand for “Under $200k” real estate by 2%. Homes in Oak Park, Illinois are on the market for 77 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 3 Beds segment and it is 164% ($258,867) more than the week prior.
The average closing price for real estate in Oak Park Illinois has grown by 16% from the last week, which amounted to $359,634.
As of January 2023 Oak Park, IL is a seller market which means homes sell faster at a higher price. In January 2023, 4 homes (26.7%) sold at asking price, 10 homes (66.7%) sold below asking price, and 1 homes (6.7%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 8.2% from $415,900 in January 2022 to $450,000 in January 2023. The number of homes sold in Oak Park, IL has decreased by 68.1% over the last year from 47 in January 2022 to 15 homes in January 2023.
Homes in Oak Park, IL have sold for 29.8% more per ft² than they did a year ago. As of January 2023 the average price per square foot is $278.