Altos Market Data for Realtors

Oak Lawn, IL

Single-Family Homes

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Oak Lawn, IL

Tue Sep 21 2021
This week the median list price for Oak Lawn, IL is $304,000 with the market action index hovering around 58. This is less than last month's market action index of 60. Inventory has held steady at or around 91. Click here to stay informed with the Oak Lawn market!

Market Action Index

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

Strong Seller's Market

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 Lawn, IL

Tue Sep 21 2021
This week the median list price for Oak Lawn, IL is $304,000 with the market action index hovering around 58. This is less than last month's market action index of 60. Inventory has held steady at or around 91. Click here to stay informed with the Oak Lawn market!

Market Action Index

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

Strong Seller's Market

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 Lawn market.
Median List Price $304,000
Median Price of New Listings $274,450
Per Square Foot $182
Average Days on Market 53
Median Days on Market 42
Price Decreased 48%
Price Increased 0%
Relisted 23%
Inventory 91
Median Rent $2,235
Market Action 58
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
$414,900 2,382 6,500 - 8,000 sqft 4 2 52 1 2 49
$329,000 1,800 6,500 - 8,000 sqft 4 2 57 5 7 35
$285,000 1,457 6,500 - 8,000 sqft 3 2 62 7 5 35
$235,000 1,216 6,500 - 8,000 sqft 3 1 67 9 7 49