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South Cook News

Wednesday, November 27, 2024

Oak Forest home prices fall in June 2019

Realestate2

The median sale price of a home sold in June 2019 in Oak Forest fell by $4,750 while total sales decreased by 20.7%, according to BlockShopper.com.

In June 2019, there were 46 homes sold, with a median sale price of $185,250 - a 2.5% decrease over the $190,000 median sale price for the same period of the previous year. There were 58 homes sold in Oak Forest in June 2018.

The median sales tax in Oak Forest for the most recent year with available data, 2018, was $5,572, approximately 3% of the median home sale price for June 2019.

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

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Lynwood511-54.5%$190,000$173,0009.8%
Olympia Fields2110110%$190,000$215,000-11.6%
Franklin Park321788.2%$187,500$200,000-6.3%
Indian Head Park10911.1%$187,500$259,500-27.7%
Alsip2829-3.4%$187,000$144,50029.4%
Oak Forest4658-20.7%$185,250$190,000-2.5%
Bridgeview251392.3%$185,000$210,000-11.9%
Schiller Park1617-5.9%$184,750$193,000-4.3%
Oak Lawn77100-23%$183,000$193,000-5.2%
Roselle39-66.7%$179,000$174,5002.6%
Worth302615.4%$176,500$165,5006.6%

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