Altos Market Data for Realtors

Oak Forest, IL

Single-Family Homes

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Oak Forest, IL

Tue Sep 21 2021
This week the median list price for Oak Forest, IL is $279,000 with the market action index hovering around 73. This is an increase over last month's market action index of 70. Inventory has increased to 35. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Oak Forest, IL

Tue Sep 21 2021
This week the median list price for Oak Forest, IL is $279,000 with the market action index hovering around 73. This is an increase over last month's market action index of 70. Inventory has increased to 35. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Oak Forest market.
Median List Price $279,000
Median Price of New Listings $287,450
Per Square Foot $177
Average Days on Market 39
Median Days on Market 21
Price Decreased 43%
Price Increased 6%
Relisted 14%
Inventory 35
Median Rent $1,900
Market Action 73
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$341,950 2,047 8,000 - 10,000 sqft 3 2 43 3 2 17
$294,999 1,500 6,500 - 8,000 sqft 3 2 52 4 1 21
$249,999 1,226 6,500 - 8,000 sqft 3 2 58 4 3 21
$164,900 1,278 0.25 - 0.5 acre 3 1 74 1 1 28