Oak Park Real Estate Market Sees Sales Fall

In this week's report, the number of homes sold in the Oak Park market slid to 65 over the past 30 days. It marked a decrease of 11.0% from last week's report and another period below the monthly average. Meanwhile, close-by Chicago reported 2,488 homes sales, the highest number from all the surrounding cities. Potential buyers should note that there are now four months of inventory available in Oak Park and prices have come down. The median sales price dropped to $290,000.

Want a more traditional home in Oak Park? Then start your search with these listings that were built before most others in the market:

$1.1M   $1.2M   $2.5M  

Get started right now by checking out Oak Park homes for sale or reviewing Oak Park real estate trends.

Demographic facts for Oak Park:

  • The total number of vacant homes in the area is 7.5%.
  • This area usually gets 186 sunny days each year. (U.S. average: 205)
  • The student-to-librarian ratio is 581:1. (803:1 = national average)

Data reported through 10/12/2016

Comments:

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Wilk Real Estate
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