Friday, April 20, 2012

Home sales booming in Horace Mann School district...Oak Park!

Here's a look at housing unit sales and prices in Oak Park's desirable Horace Mann School district located in the northern section of town. It's hard to find a more attractive "small town" yet urban area!
The attendance boundaries are roughly Harlem Avenue to East Avenue and Thomas Street to North Avenue.
Produced from mapping features.

So far this year in 2012 (Jan 1st to April 19th) 10 homes have sold in Mann School District for a median price of about $500,000.  That price will get you a beautiful 3-4 bedrooms, 2 1/2 baths brick bungalow or a spacious Colonial style home with updates.  The lots average about 50'x150' for $500,000 price point.
That's up 233% over the same period in 2011 which saw only 3 homes sold for $560,000, $670,000 and $675,000 respectively.

Attractive corner lot home on North Marion and Thomas Street in Mann School district

The scoop:
*Currently, there are 20 houses under contract in Horace Mann School boundaries and 23 offered for sale. In all of 2011, 33 houses sold in Mann School district with a median price at about $450,000.  With 10 closed and 20 under contract already this year, 2012 should surpass 2011 unit sales.

Data gathered and analyzed by Eric Rojas, Real Estate Broker from various sales sources.  All photos Eric Rojas

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