The Oak Park housing market is somewhat competitive. Homes in Oak Park receive 2 offers on average and sell in around 48 days. The median sale price of a home in Oak Park was $517K last month, up 26.1% since last year. The median sale price per square foot in Oak Park is $241, up 10.3% since last year.
What is the housing market like in Oak Park today?
In September 2024, Oak Park home prices were up 26.1% compared to last year, selling for a median price of $517K. On average, homes in Oak Park sell after 48 days on the market compared to 43 days last year. There were 51 homes sold in September this year, up from 51 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$517,000
+26.1% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Oak Park, IL
$517,000
+26.1%
United States
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How hot is the Oak Park housing market?
Oak Park is somewhat competitive. Homes sell in 49 days.
0
100
58
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 49 days.
Hot homes
can sell for about 4% above list price and go pending in around 33 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Oak Park
Explore recent offers and recently sold homes in Oak Park
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Oak Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Oak Park.
Flood Factor - Minor
32% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Oak Park has a minor risk of flooding. 1,056 properties in Oak Park are likely to be
severely affected
by flooding over the next 30 years. This represents 32% of all properties in Oak Park. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Oak Park has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Oak Park is most at risk from hurricanes. 13,585 properties in Oak Park have some risk of being in a severe wind event within the next 30 years.