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West Cook News

Monday, November 25, 2024

Oak Park home prices fall in October 2018

Realestate077

The median sale price of a home sold in October 2018 in Oak Park fell by $81,500 while total sales decreased by 64.9%, according to BlockShopper.com.

In October 2018, there were 27 homes sold, with a median sale price of $200,000 - a 29% decrease over the $281,500 median sale price for the same period of the previous year. There were 77 homes sold in Oak Park in October 2017.

The median sales tax in Oak Park for the most recent year with available data, 2017, was $10,492, approximately 5.2% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Franklin Park837-78.4%$205,000$199,5002.8%
Stickney510-50%$205,000$167,50022.4%
Melrose Park1025-60%$203,500$190,0007.1%
Northlake821-61.9%$202,500$175,00015.7%
Streamwood3164-51.6%$201,000$192,0004.7%
Oak Park2777-64.9%$200,000$281,500-29%
Hillside513-61.5%$193,500$180,0007.5%
Tinley Park3891-58.2%$193,000$180,5006.9%
Oak Lawn49101-51.5%$190,000$162,50016.9%
Palos Park513-61.5%$190,000$300,000-36.7%
Burbank2034-41.2%$189,500$165,00014.8%

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