Altos Market Data for Realtors

Oak Forest, IL

Single-Family Homes

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Oak Forest, IL

Tue May 30 2023
This week the median list price for Oak Forest, IL is $298,500 with the market action index hovering around 56. This is an increase over last month's market action index of 48. Inventory has decreased to 18. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Oak Forest, IL

Tue May 30 2023
This week the median list price for Oak Forest, IL is $298,500 with the market action index hovering around 56. This is an increase over last month's market action index of 48. Inventory has decreased to 18. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Oak Forest market.
Median List Price $298,500
Median Price of New Listings $267,450
Per Square Foot $199
Average Days on Market 87
Median Days on Market 49
Price Decreased 44%
Price Increased 0%
Relisted 22%
Inventory 18
Median Rent
Market Action 56
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$436,950 1,674 0.25 - 0.5 acre 3 2 59 0 0 77
$330,000 1,920 8,000 - 10,000 sqft 3 2.3 50 1 1 189
$275,000 1,200 6,500 - 8,000 sqft 3 2 55 2 1 28
$245,500 1,200 6,500 - 8,000 sqft 3 1 60 1 1 28