In April 2017, there were 87 homes sold, with a median sale price of $180,000 - a 50% increase over the $120,000 median sale price for the same period of the previous year. There were 73 homes sold in Oak Lawn in April 2016.
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 2.3%.
The following table compares Oak Lawn to other Cook County cities with similar median sales prices in April 2017:
| City | Apr. 2017 Home Sales | Apr. 2016 Home Sales | % change (Total Home Sales) | Apr. 2017 Median Sales Price | Apr. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Justice | 9 | 6 | 50% | $185,000 | $134,500 | 37.5% |
| Tinley Park | 78 | 77 | 1.3% | $182,500 | $174,000 | 4.9% |
| Hanover Park | 23 | 26 | -11.5% | $182,500 | $158,750 | 15% |
| Oak Forest | 32 | 30 | 6.7% | $181,500 | $179,500 | 1.1% |
| Streamwood | 64 | 52 | 23.1% | $180,750 | $166,500 | 8.6% |
| Oak Lawn | 87 | 73 | 19.2% | $180,000 | $120,000 | 50% |
| Forest View | 2 | 0 | - | $172,500 | $0 | - |
| Elgin | 34 | 27 | 25.9% | $167,750 | $154,000 | 8.9% |
| River Grove | 9 | 18 | -50% | $165,500 | $190,000 | -12.9% |
| Homewood | 38 | 29 | 31% | $162,500 | $119,000 | 36.6% |
| Olympia Fields | 7 | 12 | -41.7% | $161,000 | $120,000 | 34.2% |
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