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Thursday, April 25, 2024

Oak Lawn home prices rise in November 2018

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The median sale price of a home sold in November 2018 in Oak Lawn rose by $32,000 while total sales decreased by 38.8%, according to BlockShopper.com.

In November 2018, there were 49 homes sold, with a median sale price of $193,000 - a 19.9% increase over the $161,000 median sale price for the same period of the previous year. There were 80 homes sold in Oak Lawn in November 2017.

The median sales tax in Oak Lawn for the most recent year with available data, 2017, was $4,205, approximately 2.2% of the median home sale price for November 2018.

The following table compares Oak Lawn to other Cook County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Hinsdale220%$200,000$523,250-61.8%
Hickory Hills69-33.3%$199,500$171,00016.7%
Forest Park821-61.9%$199,250$230,000-13.4%
Lynwood8560%$197,500$82,000140.9%
Franklin Park1722-22.7%$196,000$206,500-5.1%
Oak Lawn4980-38.8%$193,000$161,00019.9%
Broadview514-64.3%$190,000$150,00026.7%
Tinley Park4972-31.9%$190,000$182,7504%
Orland Park5188-42%$190,000$231,000-17.7%
Oak Forest1727-37%$188,000$165,00013.9%
Olympia Fields7540%$188,000$98,00091.8%

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