From January to March, 156 homes sold in Oak Park for a median price of $281,000. That's 13.9 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, 13 homes in Oak Park were in foreclosure.
Median property tax for homeowners in Oak Park was $10,364.38 in 2016 according to tax data from that year. That means homeowners pay 3.6 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Oak Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
69
$293,670
-
2010
82
$278,445
-5.2%
2011
101
$265,550
-4.6%
2012
99
$253,970
-4.4%
2013
146
$298,620
17.6%
2014
131
$304,220
1.9%
2015
125
$291,500
-4.2%
2016
165
$286,125
-1.8%
2017
178
$326,400
14.1%
2018
156
$281,000
-13.9%
Median property tax
Median sale price
Effective property tax rate
2009
$8,119.25
$293,670
2.8%
2010
$9,228.64
$278,445
3.3%
2011
$10,071.64
$265,550
3.8%
2012
$9,838.18
$253,970
3.9%
2013
$9,214.83
$298,620
3.1%
2014
$9,042.17
$304,220
3%
2015
$8,645.90
$291,500
3%
2016
$10,364.38
$286,125
3.6%