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Oak Park, IL 60302

Single-Family Homes

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Oak Park, IL 60302

Sat Dec 15 2018
This week the median list price for Oak Park, IL 60302 is $599,450 with the market action index hovering around 25. This is an increase over last month's market action index of 23. Inventory has held steady at or around 116. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Oak Park, IL 60302

Sat Dec 15 2018
This week the median list price for Oak Park, IL 60302 is $599,450 with the market action index hovering around 25. This is an increase over last month's market action index of 23. Inventory has held steady at or around 116. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Oak Park market.
Median List Price $599,450
Per Square Foot $250
Days on Market 189
Price Decreased 70%
Price Increased 0%
Relisted 33%
Inventory 116
Median House Rent $950
Most Expensive $2,500,000
Least Expensive $109,900
Market Action Index
Slight Buyer's Advantage
25

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
$999,999 3,869 8,000 - 10,000 sqft 5 4 114 0 3 271
$669,000 2,750 6,500 - 8,000 sqft 4 3 101 0 3 181
$509,000 2,006 4,500 - 6,500 sqft 4 2 101 1 5 173
$350,000 1,596 4,500 - 6,500 sqft 3 2 96 0 5 132