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Wednesday, April 24, 2024

Oak Forest home prices rise in April 2019

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The median sale price of a home sold in April 2019 in Oak Forest rose by $31,500 while total sales increased by 28.2%, according to BlockShopper.com.

In April 2019, there were 50 homes sold, with a median sale price of $203,000 - a 18.4% increase over the $171,500 median sale price for the same period of the previous year. There were 39 homes sold in Oak Forest in April 2018.

The median sales tax in Oak Forest for the most recent year with available data, 2017, was $5,632, approximately 2.8% of the median home sale price for April 2019.

The following table compares Oak Forest to other Cook County cities with similar median sales prices in April 2019:

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Rolling Meadows3142-26.2%$218,000$219,000-0.5%
Schaumburg1131066.6%$215,000$187,00015%
Buffalo Grove362924.1%$213,500$185,00015.4%
Wheeling494314%$210,000$203,5003.2%
Cicero3042-28.6%$203,750$177,50014.8%
Oak Forest503928.2%$203,000$171,50018.4%
Franklin Park201811.1%$202,500$182,50011%
Elmhurst10-$200,000$0-
Forest View41300%$200,000$92,500116.2%
Berwyn4866-27.3%$199,000$227,000-12.3%
Tinley Park7895-17.9%$197,500$188,0005.1%

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