New Listing
2
$179,900
415 Wesley Ave Apt 48
Oak Park, IL 60302
1 bd1 ba900 sqft$200/ft²
Condo
Marcus Mason · REMAX Legends
View photos & details
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Sarah Mitchell
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Compass Real Estate · Oak Park, IL
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Oak Park, IL(512) 555-0184TX License #0512847
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Oak Park, IL Housing Market & Real Estate
Strong seller's market+17.4% YoY
Housing market overview · Updated monthly ·
$581,000median sale price
How is the Oak Park, IL housing market right now?
The median home sale price in Oak Park, IL is $581,000, up 17.4% year-over-year. Homes sell in an average of 48 days with 136 active listings. The market is currently a strong 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 Park a buyer's or seller's market?
Strong seller's market1.8 months of supply48 avg. days on market
Oak Park, IL is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
74
Last 12 weeks
Days on market
48
Average pace
Active listings
136
1.8 months supply
Sale-to-list
103.0%
Above asking
What does the Oak Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $581,000 |
| Median list price | $499,475 |
| Year-over-year price change | +17.4% |
| Average days on market | 48 days |
| Active inventory | 136 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 103.0% |
| Median price per sq ft | $271/sq ft |
| Homes sold (latest month) | 74 |
| New listings (latest month) | 88 |
| Listings with a price cut | 11.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Oak Park by property type?
How the Oak Park, 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 | $715,000 | $346/sq ft | 31 | 38 days |
| Condo / Co-op | $211,000 | $235/sq ft | 28 | 45 days |
| Townhouse | $622,500 | $268/sq ft | 8 | 53 days |
Source: Redfin · Updated monthly
The Oak Park housing market is currently classified as a strong seller's market with a median sale price of $581,000. Prices have risen 17.4% compared to last year, with homes spending an average of 48 days on market, indicating 1.8 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 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Oak Park
There are currently 136 homes listed for sale in Oak Park, Illinois. The median listing price is $499K. Featured listings range from $179,900 to $750,000.
New Listing
27
$209,999
420 S Home Ave Unit 107N
Oak Park, IL 60302
1 bd1 ba
Condo
Luis Ortiz · RE/MAX Partners
View photos & details
New Listing
14
$234,999
1038 Superior St Apt 1W
Oak Park, IL 60302
1 bd1 ba
Condo
Hugo Sandoval · Realty of America, LLC
View photos & details
New Listing
30
$299,900
431 S East Ave Apt 1N
Oak Park, IL 60302
2 bd1 ba1,300 sqft$231/ft²
Condo
Ethan Espinosa · E-Professional Realty
View photos & details
New Listing
24
$415,000
Address unavailable
Oak Park, IL 60302
2 bd3 ba2,195 sqft$189/ft²
Townhouse
Arrick Pelton · @properties Christie's International Real Estate
View photos & details
New Listing
39
$419,000
917 Home Ave
Oak Park, IL 60304
4 bd2 ba1,613 sqft$260/ft²
House
Ryan Parks · @properties Christie's International Real Estate
View photos & details
New Listing
25
$430,000
304 N Grove Ave Apt 3B
Oak Park, IL 60302
3 bd2 ba1,500 sqft$287/ft²
Condo
Anne Coleman · Compass
View photos & details
New Listing
$459,900
617 South Blvd Apt E
Oak Park, IL 60302
3 bd3 ba1,480 sqft$311/ft²
Condo
Gabe Caporale · Caporale Realty Group
View photos & details
New Listing
37
$500,000
527 Lyman Ave
Oak Park, IL 60304
3 bd2 ba1,215 sqft$412/ft²
House
Linda Rooney · Berkshire Hathaway HomeServices Chicago
View photos & details
New Listing
30
$625,000
420 Pennsylvania Way
Oak Park, IL 60302
3 bd4 ba2,450 sqft$255/ft²
Townhouse
Kara Gabbert Keller · Baird & Warner
View photos & details
New Listing
28
$699,900
Address unavailable
Oak Park, IL 60302
4 bd2 ba1,800 sqft$389/ft²
House
Cynthia Howe Gajewski · Beyond Properties Realty Group
View photos & details
New Listing
32
$750,000
542 N Ridgeland Ave
Oak Park, IL 60302
4 bd4 ba3,100 sqft$242/ft²
House
Renata Gomes Carneiro · World One Realty
View photos & details
Looking to buy in Oak Park?
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Active listings
136
Homes on market
Median list price
$499K
Avg. days on market
48
Days until sale
New this week
88
Newly listed
Price drops:11.0%of listings
Sale-to-list:103.0%
Who lives in Oak Park?
Population
53,315
Median income
$108,026/yr
Median age
40.6 years
Owner-occupied
60.7%
College grads
72.5%
Avg commute
31.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Oak Park?
Zillow home value
$492,876
Zillow rent index
$2,160/mo
Price-to-rent ratio
19.0x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Oak Park?
Oak Park is a community of approximately 53K residents with a median age of 40.6 years.The median household income is $108,026, which reflects a relatively affluent area with strong earning potential. 72.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.7%, showing a blend of owner and renter-occupied properties. The average commute time is 31.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Oak Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oak Park?
11 schools tracked · 8,852 students
The largest public schools serving Oak Park, 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 Park & River Forest High Sch
Grades 9-12 · 3,256 students
Gwendolyn Brooks Middle School
Grades 6-8 · 981 students
Percy Julian Middle School
Grades 6-8 · 902 students
Abraham Lincoln Elem School
Grades K-5 · 576 students
Irving Elem School
Grades K-5 · 541 students
Oliver W Holmes Elem School
Grades PK-5 · 534 students
Longfellow Elem School
Grades PK-5 · 517 students
Horace Mann Elem School
Grades K-5 · 420 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 Park, IL?
Want a head-to-head view? Compare Oak Park side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Oak Park?
Is Oak Park a good real estate investment market?
For investors evaluating Oak Park, the price-to-rent ratio of 19.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 17.4% 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 Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Oak Park's median home price.
Frequently asked questions
What is the average home price in Oak Park?
The median home sale price in Oak Park is $581,000, up 17.4% from last year.
How long do homes stay on market in Oak Park?
Homes typically spend 48 days on market before going under contract.
What is the median income in Oak Park?
The median household income is $108,026 per year.
Is Oak Park a buyer's or seller's market?
With 1.8 months of supply, Oak Park is currently a strong seller's market.
How many homes are for sale in Oak Park?
There are currently 136 homes listed for sale in Oak Park, IL.
What is the Zillow home value estimate for Oak Park?
The Zillow Home Value Index (ZHVI) for Oak Park is $492,876, representing the typical home value in the area.
What is the median condo price in Oak Park?
The median condo/co-op sale price in Oak Park, IL is $211,000, compared to $715,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oak Park?
The median single-family home price in Oak Park, IL is $715,000 (about $346 per square foot).
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