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Oak Park, IL 60302

Single-Family Homes

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Oak Park, IL 60302

Thu Feb 21 2019
This week the median list price for Oak Park, IL 60302 is $539,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 121. Click here to stay informed with the Oak Park market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Oak Park, IL 60302

Thu Feb 21 2019
This week the median list price for Oak Park, IL 60302 is $539,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 121. Click here to stay informed with the Oak Park market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Oak Park market.
Median List Price $539,000
Per Square Foot $243
Days on Market 173
Price Decreased 40%
Price Increased 2%
Relisted 32%
Inventory 121
Median House Rent $1,275
Most Expensive $2,500,000
Least Expensive $109,900
Market Action Index
Slight Buyer's Advantage
29

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$914,500 3,535 8,000 - 10,000 sqft 5 4 113 3 1 220
$622,000 2,775 6,500 - 8,000 sqft 4 3 102 3 0 198
$472,450 1,954 4,500 - 6,500 sqft 3 2 103 6 3 160
$360,000 1,476 4,500 - 6,500 sqft 3 2 97 4 0 116