From January through December of 2017, there were 997 homes sold, with a median sale price of $330,000 - a 3.4% decrease over the $341,500 median sale price for the previous year. There were 998 homes sold in Oak Park in 2016.
The median sales tax in Oak Park for 2017 was $10,492. In 2016, the median sales tax was $10,155. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.
The following table compares Oak Park to other Cook County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lincolnwood | 179 | 175 | 2.3% | $364,500 | $370,000 | -1.5% |
| La Grange Park | 191 | 202 | -5.4% | $345,000 | $312,500 | 10.4% |
| Deercrest Estates | 29 | 26 | 11.5% | $340,000 | $375,000 | -9.3% |
| Evanston | 1,073 | 1,101 | -2.5% | $340,000 | $319,500 | 6.4% |
| Glenbrook Countryside | 16 | 17 | -5.9% | $334,750 | $360,000 | -7% |
| Oak Park | 997 | 998 | -0.1% | $330,000 | $341,500 | -3.4% |
| Forest River | 16 | 10 | 60% | $327,500 | $292,000 | 12.2% |
| Lemont | 273 | 267 | 2.2% | $320,000 | $337,500 | -5.2% |
| La Grange Highlands | 46 | 50 | -8% | $320,000 | $312,500 | 2.4% |
| Arlington Heights | 1,499 | 1,360 | 10.2% | $309,000 | $305,000 | 1.3% |
| Northbrook West | 14 | 14 | 0% | $305,000 | $530,000 | -42.5% |
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