Is Oak Park Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Oak Park Township has remained a Seller's Market.
Housing Prices in Oak Park Township, IL
How much do homes in Oak Park Township, IL cost?
Median Sold Price
$423,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Oak Park Township was $423,000 in June 2024, up 11.6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $143K | +5.9% |
2 Bedrooms | $225K | $235K | +4.4% |
3 Bedrooms | $439.1K | $486.6K | +10.8% |
4 Bedrooms | $575K | $625K | +8.7% |
5+ Bedrooms | $675K | $750K | +11.1% |
Summary: Oak Park Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Oak Park Township | $379K | $423K | +11.6% |
Oak Park | $379K | $423K | +11.6% |
Berwyn | $299.2K | $327.7K | +9.5% |
Berwyn Township | $299.1K | $327.7K | +9.5% |
Chicago | $337.1K | $350.4K | +3.9% |
Housing Supply in Oak Park Township, IL
How many homes are available in Oak Park Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
256 | 246 | -3.9% |
Summary: The Oak Park Township real estate market had 246 homes for sale in June 2024, a 3.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 26 | -10.3% |
2 Bedrooms | 60 | 55 | -8.3% |
3 Bedrooms | 70 | 75 | +7.1% |
4 Bedrooms | 57 | 51 | -10.5% |
5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The Oak Park Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
78 | 79 | +1.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Oak Park Township in June 2024, up by 1.3% month-over-month. Of the 79 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.
Days on Market for Oak Park Township, IL
How long does it take to sell a home in Oak Park Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 12 Days | -52.7% |
Summary: Homes in Oak Park Township had an average of 12 days on market in Jun 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 79 homes were sold in Oak Park Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.