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Oak Park

Why you'd want to live in Oak Park

Oak Park is a suburb of Chicago with a population of 54,100. Oak Park is in Cook County and is one of the best places to live in Illinois. Living in Oak Park offers residents an urban suburban mix feel and most residents own their homes. In Oak Park there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Oak Park and residents tend to be liberal. The public schools in Oak Park are highly rated. via niche.com

Oak Park Market Report

$488,466

AVERAGE PRICE OF 140 HOMES

$317,330

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,248,083

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$555,391

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$215,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $488,466
Avg Bedrooms 2.72 beds
Avg Bathrooms 2.01 baths

Average Price by Bedrooms

1 bedroom $171,189
2 bedrooms $309,283
3 bedrooms $530,955
4 bedrooms $716,782
5 bedrooms $691,669
Oak Park Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 124 150 181 203 197
Average Price $463,828 $459,268 $463,713 $482,778 $509,268
Avg Price Change +0.99% -0.97% -4.11% -5.49% -2.87%
Median Price $424,705 $405,952 $415,291 $428,243 $457,838
Med Price Change +4.62% -2.30% -3.12% -6.91% -0.79%
Avg Bedrooms 2.61 beds 2.68 beds 2.72 beds 2.81 beds 2.84 beds
Avg Bathrooms 1.83 baths 1.91 baths 1.97 baths 2.03 baths 2.05 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Oak Park & River Forest High Sch 115 $478,609 101 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 140 $488,466 108 days
Distressed Homes 5 $317,330 126 days
Multi-Million Dollar Homes 6 $1,248,083 61 days
Newly Built Homes 16 $555,391 350 days
Reduced Price Homes 1 $215,000 17 days
Metro Chicago Home Listings
Shena Omotola
1 Westbrook Corporate Center #300
Westchester, IL 60154
630-517-0350

Based on information submitted to the MLS GRID by MRED as of February 17, 2025 2 AM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website. DMCA Notice
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