In March 2017, there were 87 homes sold, with a median sale price of $150,000. There were 64 homes sold in Oak Lawn in March 2016, and the median sales price for the period was also $150,000.
The median sales tax in Oak Lawn for 2017 was $4,205. In 2016, the median sales tax was $3,969. This marks an increase of 5.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.
The following table compares Oak Lawn to other Cook County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elgin | 34 | 21 | 61.9% | $157,500 | $148,000 | 6.4% |
| Berkeley | 7 | 11 | -36.4% | $155,000 | $90,000 | 72.2% |
| Franklin Park | 24 | 18 | 33.3% | $152,500 | $182,500 | -16.4% |
| Forest Park | 22 | 15 | 46.7% | $152,500 | $147,000 | 3.7% |
| Palos Hills | 23 | 21 | 9.5% | $152,000 | $153,000 | -0.7% |
| Oak Lawn | 87 | 64 | 35.9% | $150,000 | $150,000 | 0% |
| Lynwood | 10 | 8 | 25% | $142,500 | $111,500 | 27.8% |
| Justice | 4 | 6 | -33.3% | $139,750 | $108,250 | 29.1% |
| Cicero | 58 | 49 | 18.4% | $135,000 | $145,000 | -6.9% |
| Oak Forest | 31 | 33 | -6.1% | $130,000 | $164,000 | -20.7% |
| Bedford Park | 1 | 0 | - | $130,000 | $0 | - |
Alerts Sign-up