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Foreclosure Homes in Oak Forest, IL

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Oak Forest, IL Foreclosures

How much do homes sell for in Oak Forest, IL?
The average home price is currently $301,029.
In Oak Forest, IL, how many homes are available?
There are currently 149 active home listings available in Oak Forest.
What’s the average rental cost in Oak Forest, IL?
The average rental price in Oak Forest is $1,718.
What is the most expensive home in Oak Forest?
The most expensive home sold in Oak Forest had a price of $11,594,403.
What is currently the cheapest priced home in Oak Forest, IL?
The cheapest home for sale in Oak Forest is priced at $13,400.

Living in Oak Forest, IL

Oak Forest, IL, is a charming suburb of Chicago offering an inviting environment for families and professionals. Known for its excellent schools, beautiful parks, and active community life, Oak Forest combines suburban comfort with easy access to urban amenities. The area is well-connected through public transportation, making it an ideal location for commuters.

Current Market Conditions in Oak Forest, IL

The real estate market in Oak Forest, IL, has shown steady growth, with increasing demand for single-family homes. As more families and young professionals seek affordable housing close to Chicago, Oak Forest is becoming a competitive choice for home buyers, leading to a gradual rise in home values.

Investors will find that Oak Forest offers a mix of opportunities, with properties ranging from affordable starter homes to larger family residences. The rental market is also robust, supported by the area's strong school districts and community amenities, making it an ideal location for investors looking to diversify their portfolios.

Home Value Estimator For Oak Forest, IL

There are currently 9,952 real estate properties in Oak Forest, IL, with a median automated valuation model (AVM) price of $298,280.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oak Forest, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Oak Forest, IL, is $301,029.00, with the most expensive house in Oak Forest, IL, topping out at $11,594,403.00 and the cheapest home in Oak Forest, IL, clocking in at $13,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Oak Forest, IL!

Rent Prices In Oak Forest, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak Forest, IL, is on a rollercoaster ride. The average rent price in Oak Forest, IL, is $1,718.00. Indeed, when looking to rent in Oak Forest, IL, you can expect to pay as little as $920.00 or as much as $2,890.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Oak Forest, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Oak Forest, IL Foreclosures


Market Trend for Oak Forest, IL

Total Listings Available: 149

Market Values:

Home Prices from $13,400 to $11,594,403

Average Sales Price: $301,029

Rental Values:

Rental from $920 to $2,890

Average Rent Value: $1,718 / month

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