Monday, June 25, 2012

Oak Park single family home sales up 7% in 2012

Earlier this year we took a look at single family home sales in Oak Park's Horace Mann school district.  Let's take a look at over-all single family home sales this year to date, which, seems to be a little more dynamic than last year.

A home adjacent to Taylor Park in Oak Park, IL. Photo Eric Rojas, Broker
2012 Sales
To date (June 25th, 2012), 154 single family homes have sold and closed in Oak Park with a median Price of about $380,000.  During the same period in 2011, 143 homes were sold with a median at about $350,000. It is rare to see a city, town or large community area have both unit sales up and median price up around the Chicagoland area.

The Top
Two closed homes topped $1 million in Oak Park so far this year. 535 Euclid Avenue closed at $1,100,000 and 215 Forest Avenue closed at $1,050,000.

North of Lake Street Vs South of Lake Street
The home unit sales were distributed pretty evenly throughout Oak Park. 79 homes closed north of Lake Street (the main street downtown that basically splits the north and south of Oak Park evenly) with a median price of $420,000.  About 74 homes closed south of Lake Street with a median price of $307,000. 

More Oak Park HERE
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