Oak Lawn, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Oak Lawn, IL is $289,450, up 18.1% year-over-year. Homes sell in an average of 101 days with 161 active listings. The market is currently a balanced market.
$289,450median sale price
Is Oak Lawn a buyer's or seller's market?
Oak Lawn, IL is currently a balanced market, based on 3.8 months of supply and homes selling in about 101 days. How we determine this →
Homes sold
42
Last 12 weeks
Days on market
101
Average pace
Active listings
161
3.8 months supply
Sale-to-list
97.9%
Below asking
Oak Lawn, IL market data
| Metric | Value |
|---|---|
| Median sale price | $289,450 |
| Median list price | $283,950 |
| Year-over-year price change | +18.1% |
| Average days on market | 101 days |
| Active inventory | 161 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 97.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Oak Lawn housing market is currently classified as a balanced market with a median sale price of $289,450. Prices have risen 18.1% compared to last year, with homes spending an average of 101 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Oak Lawn
There are currently 161 homes listed for sale in Oak Lawn, Illinois. The median listing price is $284K.
Active listings
161
Homes on market
Median list price
$284K
Avg. days on market
101
Days until sale
New this week
48
Newly listed
Top public schools in Oak Lawn
12 schools tracked · 8,698 students
The largest public schools serving Oak Lawn, 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 Lawn Comm High School
Grades 9-12 · 1,862 students
H L Richards High Sch(Campus)
Grades 9-12 · 1,695 students
Oak Lawn-Hometown Middle Sch
Grades 6-8 · 1,087 students
Simmons Middle School
Grades 6-8 · 733 students
Harnew Elem School
Grades PK-5 · 520 students
Sward Elem School
Grades PK-5 · 517 students
J Covington Elem School
Grades PK-5 · 505 students
J M Hannum Elem School
Grades K-5 · 423 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Oak Lawn?
The median home sale price in Oak Lawn is $289,450, up 18.1% from last year.
How long do homes stay on market in Oak Lawn?
Homes typically spend 101 days on market before going under contract.
Is Oak Lawn a buyer's or seller's market?
With 3.8 months of supply, Oak Lawn is currently a balanced market.
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