Is Oak Forest, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Forest is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Oak Forest has remained a Seller's Market.

Key Takeaway

Oak Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oak Forest, IL cost?

Median Sold Price

$255,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$23,750(+10.3%)

Key Takeaway

Homes in Oak Forest have sold for 10.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $75.5K$84.9K
+12.5%
2 $136.4K$174.5K
+27.9%
3 $240K$263K
+9.6%
4 $268K$310K
+15.7%
5+ $314.9K$399K
+26.7%

Median Sold Price Compared To Nearby Cities

Markham
+25.1%
Country Club Hills
+21.8%
Midlothian
+15.0%
Bremen Township
+13.8%
Oak Forest
+10.3%

How many homes are available in Oak Forest, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
150165+10.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 23
+50.0%
2 3031
+3.3%
3 7791
+18.2%
4 3331
-6.1%
5+ 89
+12.5%

Number of Homes Sold

Jun 2022Jul 2022%
4440-9.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Forest, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
9 Days11 Days+19.7%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oak Forest are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

New

15643 Lockwood Ave, Oak Forest, IL 60452

15643 Lockwood Ave, Oak Forest, IL 60452

$350,000
1,450 SqFt
3 Bedrooms
~$1,700/mo.*2 Full Baths
Jack Warpecha#11490886
Listing Office:
Charles Rutenberg Realty of ILMLS logo

New

5132 Carolyn Ct, Oak Forest, IL 60452

5132 Carolyn Ct, Oak Forest, IL 60452

$349,000
1,100 SqFt
3 Bedrooms
~$1,700/mo.*2 Full Baths
Julie Hayward#11485769
Listing Office:
Keller Williams InfinityMLS logo

New

14802 Jean Ct, Oak Forest, IL 60452

14802 Jean Ct, Oak Forest, IL 60452

$374,900
 
4 Bedrooms
~$1,800/mo.*3 Full Baths
Ronda Wallace#11490573
Listing Office:
The Wallace Real Estate Group, INC.MLS logo

New

6600 157th St, Oak Forest, IL 60452

6600 157th St, Oak Forest, IL 60452

$325,000
2,600 SqFt
3 Bedrooms
~$1,600/mo.*2 Full Baths, 1 Partial
James La Ha#11490405
Listing Office:
Jameson Sotheby's Intl RealtyMLS logo

New

14801 Sunset Ave, Oak Forest, IL 60452

14801 Sunset Ave, Oak Forest, IL 60452

$275,000
1,421 SqFt
3 Bedrooms
~$1,350/mo.*2 Full Baths
Jill Lejsek#11490360
Listing Office:
Baird & WarnerMLS logo

New

15812 Terrace Dr Unit 1E, Oak Forest, IL 60452

15812 Terrace Dr Unit 1E, Oak Forest, IL 60452

$89,900
800 SqFt
1 Bedroom
~$450/mo.*1 Full Bath
Diana Bielawski#11466998
Listing Office:
REALTYONE and Associates LLCMLS logo

New

15113 Willow Ln, Oak Forest, IL 60452

15113 Willow Ln, Oak Forest, IL 60452

$365,000
1,563 SqFt
4 Bedrooms
~$1,750/mo.*2 Full Baths, 1 Partial
Jack Gawron#11489582
Listing Office:
RE/MAX 10MLS logo

New

5328 Christopher Dr, Oak Forest, IL 60452

5328 Christopher Dr, Oak Forest, IL 60452

$375,000
2,219 SqFt
3 Bedrooms
~$1,800/mo.*2 Full Baths, 1 Partial
Richard Wyrick#11489480
Listing Office:
Baird & WarnerMLS logo

New

15961 Jamie Ct, Oak Forest, IL 60452

15961 Jamie Ct, Oak Forest, IL 60452

$329,900
1,645 SqFt
4 Bedrooms
~$1,600/mo.*2 Full Baths
Danielle Moy#11488945
Listing Office:
@properties Christie's International Real EstateMLS logo

New

Backup Offers

16540 Knottingwood Ave, Oak Forest, IL 60452

16540 Knottingwood Ave, Oak Forest, IL 60452

$230,000
1,750 SqFt
3 Bedrooms
~$1,100/mo.*2 Full Baths, 1 Partial
Samantha Schroeder#11488755
Listing Office:
Keller Williams ExperienceMLS logo

New

15206 Alameda Ave, Oak Forest, IL 60452

15206 Alameda Ave, Oak Forest, IL 60452

$314,500
1,848 SqFt
4 Bedrooms
~$1,550/mo.*2 Full Baths
Valerie Shalati#11488545
Listing Office:
Keller Williams EliteMLS logo

New

15406 S Cicero Ave, Oak Forest, IL 60452

15406 S Cicero Ave, Oak Forest, IL 60452

$179,900
  
~$850/mo.*
Kimberly Keane#11487674
Listing Office:
Spellman Realty LLCMLS logo

About Oak Forest, IL

There are 165 homes are for sale in Oak Forest, IL real estate market. In July 2022 in Oak Forest, IL there were 10% more homes for sale than in June 2022. While the average time on the market in July 2022 was 11 days, the median list price was $255,000. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 12.5%, 2 bedrooms properties became 27.9% more expensive, 3 bedrooms properties prices increased by 9.6%, 4 bedrooms properties became 15.7% more expensive, prices of 5 bedrooms properties went up by 26.7%. This housing market inventory have changed: volume of 1 bedroom homes went up by 50%, number of 2 bedrooms homes increased by 3.3%, number of 3 bedrooms homes increased by 18.2%, 4 bedrooms homes inventory decreased by 6.1%, volume of 5 bedrooms homes went up by 12.5%. Oak Forest, IL housing market in July 2022 saw over 24 listings sold above listed price, more than 8 sold at listed price and over 8 sold below.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 08/01/2020 - 08/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/13/2022, 2:15:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Related Housing Market Reports