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Sunday, May 5, 2024

Home prices increased in Oak Park during the third quarter of 2021

Realestate077

The median sale price of a home sold in the third quarter of 2021 in Oak Park rose by $33,000 while total sales increased by 133.5%, according to BlockShopper.com.

From July through September of 2021, there were 425 homes sold, with a median sale price of $408,000 - a 8.8% increase over the $375,000 median sale price for the same period of the previous year. There were 182 homes sold in Oak Park in the third quarter of 2020.

The median sales tax in Oak Park for the most recent year with available data, 2019, was $10,646, approximately 2.6% of the median home sale price for the third quarter of 2021.

The following table compares Oak Park to other Cook County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Park Ridge276131110.7%$475,000$410,00015.9%
Glenbrook Countryside82300%$475,000$295,00061%
Lincolnwood9129213.8%$450,000$395,00013.9%
Barrington563560%$448,750$425,0005.6%
Lemont11455107.3%$429,000$415,0003.4%
Oak Park425182133.5%$408,000$375,0008.8%
La Grange Park8535142.9%$395,000$359,00010%
Deercrest Estates122500%$395,000$575,000-31.3%
Forest River41300%$391,500$255,00053.5%
La Grange Highlands165220%$382,000$380,0000.5%
Evanston42327454.4%$380,000$302,00025.8%

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