Homes for Sale in Oak Park, IL Real Estate
118 homes available on Ofirio
Current live statistics for homes in Oak Park, Illinois
13 new real estate properties in Oak Park, Illinois have been added to Ofirio in the last 7 days.
Of those new properties:
- 0 properties under $100k were added. In total there are 0 available for sale.
- 4 properties under $200k were added. In total there are 36 available for sale.
- 5 properties under $300k were added. In total there are 55 available for sale.
- 0 luxury properties were added. In total there are 2 available for sale.
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:
- 7 new condos
- 6 new single family homes
- 6 new properties that don't have HOA
- 5 new cheap properties
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.
Monthly Market Overview for houses in Oak Park, Illinois
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.