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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 $307,055.
In Oak Forest, IL, how many homes are available?
There are currently 165 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 $11,926,581.
What is currently the cheapest priced home in Oak Forest, IL?
The cheapest home for sale in Oak Forest is priced at $13,985.

Living in Oak Forest, IL

Oak Forest, Illinois is a charming suburb conveniently located just a short drive from Chicago, offering a perfect blend of urban convenience and suburban charm. With excellent schools, lush parks, and a strong community spirit, it's an ideal spot for families and young professionals alike. The area features a variety of homes that cater to different budgets, making it accessible for many.

Current Market Conditions in Oak Forest, IL

The Oak Forest real estate market has shown steady growth over the past year, with home values gradually increasing. Buyers are actively seeking homes in this suburban area due to its affordability compared to nearby Chicago, making it a competitive market for those looking to settle down.

Interest rates have impacted buying power slightly, yet demand remains high, with multiple offers being common on well-priced homes. The trend of families moving to suburban areas has also contributed to the rising prices as buyers desire more space, both indoors and outdoors.

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 $302,745.00. 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 $307,055.00, with the most expensive house in Oak Forest, IL, topping out at $11,926,581.00 and the cheapest home in Oak Forest, IL, clocking in at $13,985.00. 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: 165

Market Values:

Home Prices from $13,985 to $11,926,581

Average Sales Price: $307,055

Rental Values:

Rental from $920 to $2,890

Average Rent Value: $1,718 / month

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