Altos Market Data for Realtors

Oak Forest, IL 60452

Single-Family Homes

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Oak Forest, IL 60452

Wed Jan 15 2025
This week the median list price for Oak Forest, IL 60452 is $299,900 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has held steady at or around 29. Click here to stay informed with the Oak Forest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Oak Forest, IL 60452

Wed Jan 15 2025
This week the median list price for Oak Forest, IL 60452 is $299,900 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has held steady at or around 29. Click here to stay informed with the Oak Forest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Oak Forest market.
Median List Price $299,900
Median Price of New Listings $289,900
Per Square Foot $199
Average Days on Market 97
Median Days on Market 49
Price Decreased 38%
Price Increased 3%
Relisted 21%
Inventory 29
Median Rent
Market Action 45
Strong Seller's Market

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
$389,900 2,211 6,500 - 8,000 sqft 4 2.5 40 0 1 49
$329,500 1,675 0.25 - 0.5 acre 4 2 60 0 0 112
$289,900 1,383 6,500 - 8,000 sqft 3 2 68 1 1 63
$255,500 1,316 0.25 - 0.5 acre 3 2 66 0 0 38