From January through March of 2017, there were 252 homes sold, with a median sale price of $157,750 - a 14.9% increase over the $137,250 median sale price for the same period of the previous year. There were 192 homes sold in Oak Lawn in the first quarter of 2016.
The median sales tax in Oak Lawn for 2017 was $4,205.35. In 2016, the median sales tax was $3,969. This marks an increase of 6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares Oak Lawn to other Cook County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tinley Park | 192 | 153 | 25.5% | $168,500 | $168,000 | 0.3% |
| Hanover Park | 61 | 41 | 48.8% | $168,000 | $160,000 | 5% |
| Forest Park | 61 | 52 | 17.3% | $165,000 | $163,750 | 0.8% |
| Wheeling | 96 | 99 | -3% | $162,000 | $152,000 | 6.6% |
| Roselle | 8 | 22 | -63.6% | $159,000 | $162,750 | -2.3% |
| Oak Lawn | 252 | 192 | 31.3% | $157,750 | $137,250 | 14.9% |
| Oak Forest | 92 | 95 | -3.2% | $153,250 | $155,000 | -1.1% |
| Franklin Park | 59 | 54 | 9.3% | $150,000 | $155,750 | -3.7% |
| Elgin | 87 | 71 | 22.5% | $150,000 | $146,000 | 2.7% |
| Berkeley | 16 | 21 | -23.8% | $149,500 | $120,500 | 24.1% |
| Justice | 16 | 26 | -38.5% | $149,250 | $143,000 | 4.4% |
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