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Featured local agent — Oak Forest, IL
Sarah Mitchell
Compass Real Estate · Oak Forest, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oak Forest, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$333,500median sale price
How is the Oak Forest, IL housing market right now?
The median home sale price in Oak Forest, IL is $333,500, up 11.0% year-over-year. Homes sell in an average of 41 days with 68 active listings. The market is currently a seller's 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 Forest a buyer's or seller's market?
Oak Forest, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
34
Last 12 weeks
Days on market
41
Average pace
Active listings
68
2.0 months supply
Sale-to-list
100.8%
Above asking
What does the Oak Forest housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $333,500 |
| Median list price | $324,808 |
| Year-over-year price change | +11.0% |
| Average days on market | 41 days |
| Active inventory | 68 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $204/sq ft |
| Homes sold (latest month) | 34 |
| New listings (latest month) | 37 |
| Listings with a price cut | 19.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Oak Forest by property type?
How the Oak Forest, 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 | $345,000 | $221/sq ft | 23 | 38 days |
| Condo / Co-op | $173,000 | $171/sq ft | 11 | 56 days |
| Townhouse | $275,000 | $183/sq ft | 1 | 169 days |
Source: Redfin · Updated monthly
The Oak Forest housing market is currently classified as a seller's market with a median sale price of $333,500. Prices have risen 11.0% compared to last year, with homes spending an average of 41 days on market, indicating 2.0 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 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Oak Forest
There are currently 68 homes listed for sale in Oak Forest, Illinois. The median listing price is $325K.
Active listings
68
Homes on market
Median list price
$325K
Avg. days on market
41
Days until sale
New this week
37
Newly listed
Who lives in Oak Forest?
Population
26,888
Median income
$87,941/yr
Median age
40.3 years
Owner-occupied
79.6%
College grads
30.1%
Avg commute
31.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Oak Forest?
Zillow home value
$305,559
Zillow rent index
$2,024/mo
Price-to-rent ratio
12.6x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Oak Forest?
Oak Forest is a community of approximately 27K residents with a median age of 40.3 years.The median household income is $87,941, which reflects a relatively affluent area with strong earning potential. 30.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Oak Forest offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oak Forest?
17 schools tracked · 4,460 students
The largest public schools serving Oak Forest, 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.
Oak Forest High School
Grades 9-12 · 1,361 students
Jack Hille Middle School
Grades 6-8 · 488 students
Arbor Park Middle School
Grades 5-8 · 471 students
Walter F Fierke Ed Center
Grades PK-5 · 444 students
Kerkstra Elem School
Grades 1-5 · 402 students
Lee R Foster Elem School
Grades 1-5 · 394 students
Arbor Elementary School
Grades 1-2 · 235 students
Ridge Early Childhood Center
Grades PK-K · 227 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 Forest, IL?
Want a head-to-head view? Compare Oak Forest side-by-side with any other U.S. city using our market-comparison tool.
Is Oak Forest a good real estate investment market?
For investors evaluating Oak Forest, the price-to-rent ratio of 12.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 11.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Oak Forest's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Oak Forest's median home price.
Frequently asked questions
What is the average home price in Oak Forest?
The median home sale price in Oak Forest is $333,500, up 11.0% from last year.
How long do homes stay on market in Oak Forest?
Homes typically spend 41 days on market before going under contract.
What is the median income in Oak Forest?
The median household income is $87,941 per year.
Is Oak Forest a buyer's or seller's market?
With 2.0 months of supply, Oak Forest is currently a seller's market.
What is the Zillow home value estimate for Oak Forest?
The Zillow Home Value Index (ZHVI) for Oak Forest is $305,559, representing the typical home value in the area.
What is the median condo price in Oak Forest?
The median condo/co-op sale price in Oak Forest, IL is $173,000, compared to $345,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oak Forest?
The median single-family home price in Oak Forest, IL is $345,000 (about $221 per square foot).
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