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Featured local agent — Oak Brook, IL
Sarah Mitchell
Compass Real Estate · Oak Brook, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oak Brook, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.40Mmedian sale price
How is the Oak Brook, IL housing market right now?
The median home sale price in Oak Brook, IL is $1.40M, up 25.6% year-over-year. Homes sell in an average of 48 days with 29 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Oak Brook a buyer's or seller's market?
Oak Brook, IL is currently a balanced market, based on 5.8 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
48
Average pace
Active listings
29
5.8 months supply
Sale-to-list
101.8%
Above asking
What does the Oak Brook housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.40M |
| Median list price | $1.29M |
| Year-over-year price change | +25.6% |
| Average days on market | 48 days |
| Active inventory | 29 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $251/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 10 |
| Listings with a price cut | 13.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Oak Brook by property type?
How the Oak Brook, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.93M | $250/sq ft | 4 | 57 days |
| Condo / Co-op | $689,900 | $395/sq ft | 1 | 42 days |
| Townhouse | $1.15M | $394/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Oak Brook housing market is currently classified as a balanced market with a median sale price of $1.40M. Prices have risen 25.6% compared to last year, with homes spending an average of 48 days on market, indicating 5.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Oak Brook
There are currently 29 homes listed for sale in Oak Brook, Illinois. The median listing price is $1.3M.
Active listings
29
Homes on market
Median list price
$1.3M
Avg. days on market
48
Days until sale
New this week
10
Newly listed
Who lives in Oak Brook?
Population
8,028
Median income
$171,123/yr
Median age
51.7 years
Owner-occupied
93.7%
College grads
67.1%
Avg commute
32.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Oak Brook?
Zillow home value
$980,519
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Oak Brook?
Oak Brook is a community of approximately 8K residents with a median age of 51.7 years.The median household income is $171,123, which reflects a relatively affluent area with strong earning potential. 67.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 93.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Oak Brook offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oak Brook?
3 schools tracked · 470 students
The largest public schools serving Oak Brook, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Brook Forest Elem School
Grades K-5 · 279 students
Butler Junior High School
Grades 6-8 · 183 students
Oak Brook Park District
Grades PK · 8 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Oak Brook, IL?
Want a head-to-head view? Compare Oak Brook side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Oak Brook?
The median home sale price in Oak Brook is $1.40M, up 25.6% from last year.
How long do homes stay on market in Oak Brook?
Homes typically spend 48 days on market before going under contract.
What is the median income in Oak Brook?
The median household income is $171,123 per year.
Is Oak Brook a buyer's or seller's market?
With 5.8 months of supply, Oak Brook is currently a balanced market.
What is the Zillow home value estimate for Oak Brook?
The Zillow Home Value Index (ZHVI) for Oak Brook is $980,519, representing the typical home value in the area.
What is the median condo price in Oak Brook?
The median condo/co-op sale price in Oak Brook, IL is $689,900, compared to $1.93M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oak Brook?
The median single-family home price in Oak Brook, IL is $1.93M (about $250 per square foot).
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