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Condo Foreclosures in Oak Park, IL

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Oak Park, IL Foreclosures

How much do homes sell for in Oak Park, IL?
The average home price is currently $526,452.
In Oak Park, IL, how many homes are available?
There are currently 33 active home listings available in Oak Park.
What’s the average rental cost in Oak Park, IL?
The average rental price in Oak Park is $2,234.
What is the most expensive home in Oak Park?
The most expensive home sold in Oak Park had a price of $33,365,312.
What is currently the cheapest priced home in Oak Park, IL?
The cheapest home for sale in Oak Park is priced at $10,003.

Living in Oak Park, IL

Oak Park, IL, is a charming suburb known for its beautiful historic homes, cultural institutions, and a strong sense of community. With excellent schools, ample parks, and a vibrant downtown area, it offers residents a high quality of life and easy access to the city. The arts scene is thriving, with numerous galleries and theaters adding to the area's appeal.

Current Market Conditions in Oak Park, IL

The real estate market in Oak Park is currently competitive, with many homes receiving multiple offers shortly after listing. The demand for housing remains strong due to the area's proximity to Chicago and its reputation for quality schools and safe neighborhoods.

Prices are steadily rising, driven by an influx of buyers drawn to the area’s unique character and amenities. Home values have appreciated by approximately 5% over the last year, indicating a healthy market with strong investment potential.

Home Value Estimator For Oak Park, IL

There are currently 17,787 real estate properties in Oak Park, IL, with a median automated valuation model (AVM) price of $484,794.00. 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 Park, 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 Park, IL, is $526,452.00, with the most expensive house in Oak Park, IL, topping out at $33,365,312.00 and the cheapest home in Oak Park, IL, clocking in at $10,003.00. In other words, there’s something for every potential homebuyer or savvy investor in Oak Park, IL!

Rent Prices In Oak Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak Park, IL, is on a rollercoaster ride. The average rent price in Oak Park, IL, is $2,234.00. Indeed, when looking to rent in Oak Park, IL, you can expect to pay as little as $580.00 or as much as $3,680.00, with the average rent median estimated to be $2,260.00. The good news is that finding an affordable and desirable property to rent in Oak Park, 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 Park, IL Condos

Market Trend for Oak Park, IL

Total Listings Available: 33

Market Values:

Home Prices from $10,003 to $33,365,312

Average Sales Price: $526,452

Rental Values:

Rental from $580 to $3,680

Average Rent Value: $2,234 / month

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