October's First-Time Homebuyer Report for Oak Brook

Oak Brook is a small city in Illinois with a median income of $107,726 per household. Besides being very affluent, its population is much younger than others with a median age of 54 years. The Oak Brook market primarily consists of detached houses, accounting for 74% of the current homes in the area. Leading the list of top schools in the city are Brook Forest Elementary School and Butler Junior High School.

Price Range

Some of the more expensive homes in Illinois are in Oak Brook with a median home value of $572,100 and an average list price for available homes currently at $991,157. The Oak Brook market was active this week as sales rose 22.2% to reach 11 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Oak Brook:

$2.3M   $5.5M   $4.7M  

Typical Dwelling

The typical dwelling in Oak Brook is a four-bedroom detached home worth about $1,051,288. To purchase a similar home, a buyer with good credit and a $210,258 cash down payment could obtain a mortgage with a 3.95% interest rate and a $3,954 monthly payment. The property tax rate is $18.51 per $1,000 of taxable assessed value.

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

Data reported through 10/13/2016


Ask a local expert about this area:
Prudential Rubloff Properties
9 reviews
Marcella A. Garson
Snapped 8 homes in this area
RE/MAX Professionals Select
Snapped 11 homes in this area

Agents that specialize in this area
19 snaps in this area
1 snap in this area
5 snaps in this area
1 snap in this area
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