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Foreclosure Homes in Oak Lawn, IL

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Oak Lawn, IL Foreclosures

Current Market Conditions in in Oak Lawn, IL As of March 2026?
Over the past month, Oak Lawn's real estate market has experienced a slight increase in the average listing prices, indicating growing buyer interest and tightening inventory. This trend suggests that buyers may need to act quickly to secure homes in this desirable suburb.
How much do homes sell for in Oak Lawn, IL?
The average home price is currently $301,376.
In Oak Lawn, IL, how many homes are available?
There are currently 321 active home listings available in Oak Lawn.
What’s the average rental cost in Oak Lawn, IL?
The average rental price in Oak Lawn is $1,653.
What is the most expensive home in Oak Lawn?
The most expensive home sold in Oak Lawn had a price of $25,012,460.
What is currently the cheapest priced home in Oak Lawn, IL?
The cheapest home for sale in Oak Lawn is priced at $15,348.

Living in Oak Lawn, IL

Oak Lawn, located just southwest of Chicago, is an ideal family-friendly community featuring numerous parks, excellent schools, and convenient access to public transportation. The area is well-equipped with shopping, dining, and entertainment options, making it a desirable location for both families and professionals.

Buyer vs Seller Market in Oak Lawn, IL

The Oak Lawn real estate market remains competitive, with a steady demand for homes. Recent trends indicate an increase in home prices, influenced by low inventory levels and high buyer interest, making it a seller's market.

In recent months, Oak Lawn has witnessed an uptick in renovation projects, as homeowners seek to modernize older properties to meet current buyer preferences. This trend has contributed to the overall appreciation in home values.

Home Value Estimator For Oak Lawn, IL

There are currently 27,136 real estate properties in Oak Lawn, IL, with a median automated valuation model (AVM) price of $298,577.00. 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 Lawn, 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 Lawn, IL, is $301,376.00, with the most expensive house in Oak Lawn, IL, topping out at $25,012,460.00 and the cheapest home in Oak Lawn, IL, clocking in at $15,348.00. In other words, there’s something for every potential homebuyer or savvy investor in Oak Lawn, IL!

Rent Prices In Oak Lawn, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak Lawn, IL, is on a rollercoaster ride. The average rent price in Oak Lawn, IL, is $1,653.00. Indeed, when looking to rent in Oak Lawn, IL, you can expect to pay as little as $760.00 or as much as $3,500.00, with the average rent median estimated to be $1,740.00. The good news is that finding an affordable and desirable property to rent in Oak Lawn, 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 Lawn, IL Foreclosures

Market Trend for Oak Lawn, IL

Total Listings Available: 321

Market Values:

Home Prices from $15,348 to $25,012,460

Average Sales Price: $301,376

Rental Values:

Rental from $760 to $3,500

Average Rent Value: $1,653 / month

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