Thursday, January 24, 2019

Oak Park single family home sales (median sale price $452,000)

Large traditional homes on wide lots in Holmes School district.
I'll be listing a house for sale in the Holmes Elementary School District early this spring. I've had to take a close look at the district sales for our client.  With many clients and family members in Oak Park we also keep a close eye on over-all home sales around town.  Let's take a look!

406 Oak Park single family homes were recorded as closed in the MLS ( over 2018.  The median price is about $452,000.  The lowest priced sold home is $141,000 at 130 North Austin, Oak Park, IL 60302. The nice sized home on the busy thoroughfare was in need of a gut renovation according to the broker. The highest closed sale price recorded in the MLS in 2018 is 511 Linden Oak Park, IL 60302 sold for $1,205,000. The mini mansion with coach house on a 104'x174' lot is a little dated for my taste lol.

A rare modern newer construction home I've always admired in Holmes School district, Oak Park.
115 of the 406 closed houses sold between $400,000 to $500,000.  This is a common budget/ price range for our clients looking for a house outside of Chicago.  Only eight homes sold for over $1 million dollars in 2018. 

28 single family homes closed in the Holmes school district with a hefty median price of $726,000. The desirable school district straddles the shops of Chicago Avenue and the robust downtown district.

I stopped at Buzz Cafe for breakfast in the Oak Park Arts District before heading north to my client's house.
In 2015, 455 single family homes sold with a median price of $420,000.  In 2013 as things started to climb out of the recession 497 homes sold with a median price about $382,000 ($80K less than 2018). If you bought 5-9 years ago and kept your home maintained you are probably in a decent equity position. 

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