Tuesday, January 02, 2024

Oak Park single family home median price up 19% since 2019

A home adjacent to Taylor Park in Oak Park, All photos Eric Rojas, Broker, Kale Realty

An Oak Park client recently asked for a comparative market analysis (CMA) of their home.  While I researched their specific home's market value I also took a look at Oak Park over-all single family home sales this year.

Oak Park Single Family Home Sales 2023

399 single family homes have sold in Oak Park from January 1st to December 31st, 2023. Median price of a sold single family home this year is about $525,000 (up 19%). The median price in 2019 prior to the pandemic was $440,000.  

-The highest priced sold home is $1,750,000 at 420 N East Avenue, Oak Park IL 60302.  

-The lowest priced sold home in 2023 is $170,501 at 1131South Ridgeland, Oak Park IL 60304

Many Oak Park blocks have large setbacks and green parkways.

Looking to buy an Oak Park single family home now? 30 single family homes are currently listed for sale on the MLS with a median asking price of $519,000.  There are 20 homes listed on Private Listing Network. Although some of these homes listed privately present opportunity I believe many are over-priced at this point. Private Listing Network often takes some maneuvering!

Contact Eric Rojas, Kale Realty to buy and sell homes in Chicago and near suburbs. erojas@kalerealty.com

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