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Sheriff Sale Homes in Oak Lawn, IL

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Oak Lawn, IL Foreclosures

How much do homes sell for in Oak Lawn, IL?
The average home price is currently $308,873.
In Oak Lawn, IL, how many homes are available?
There are currently 11 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 $25,577,513.
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, IL is a welcoming suburb of Chicago that offers a balanced lifestyle for residents. With numerous parks, strong community ties, and convenient access to Chicago via public transportation, Oak Lawn is perfect for families and young professionals. The area features quality schools and a variety of entertainment options, making it a desirable place to call home.

Current Market Conditions in Oak Lawn, IL

The Oak Lawn real estate market is currently characterized by a stable growth trend, with home prices reflecting a healthy balance of supply and demand. The community has seen an influx of young families and professionals attracted to its suburban advantages, which has positively impacted home values in recent months.

Over the last year, Oak Lawn's market has experienced steady appreciation, signaling a strong demand for single-family homes. Real estate inventory has remained relatively low, contributing to increased competition among buyers in the area.

Home Value Estimator For Oak Lawn, IL

There are currently 27,117 real estate properties in Oak Lawn, IL, with a median automated valuation model (AVM) price of $307,772.00. 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 $308,873.00, with the most expensive house in Oak Lawn, IL, topping out at $25,577,513.00 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 Sheriff Sale Homes


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