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
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Oak Park, IL Housing Market
Strong seller's market+10.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Oak Park, IL is worth $486,880, rose 10.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $581,000, +17.4% year over year (through May 2026). With 1.8 months of supply and homes going under contract in about 48 days, Oak Park is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $486,880 home is about $2,599/mo in principal and interest.
Key numbers for Oak Park, IL
Typical home value
$486,880
+10.2% in 12 months
Zillow, August 2026
Typical asking rent
$2,025/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$581,000
+17.4% year over year
Redfin, through May 2026
Days on market
48
Average pace
Redfin, through May 2026
Active listings
136
1.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$108,026
Home costs 4.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Oak Park a buyer's or seller's market?
Strong seller's market1.8 months of supply48 days on market103.0% of asking
Oak Park, IL is a strong seller's market, based on 1.8 months of supply and homes selling in about 48 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Oak Park housing market data show?
Every row below is Redfin's final published month for Oak Park, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $581,000 |
| Median list price | $499,475 |
| Year-over-year price change | +17.4% |
| Median price per sq ft | $271/sq ft |
| Median days on market | 48 days |
| Active inventory | 136 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 103.0% |
| Homes sold (that month) | 74 |
| New listings (that month) | 88 |
| Listings with a price cut | 11.0% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Oak Park is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Oak Park is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Oak Park home prices moved?
Over the last three years the median sale price in Oak Park, IL rose 73.4%, from $335,000 to $581,000. The live Zillow value series has rose 10.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 11.0% of Oak Park listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.8 months while the sale-to-list ratio slips below its current 103.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Oak Park?
Priced off the typical home value of $486,880 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $97,376 | $389,504 | $2,599/mo |
| 5% | $24,344 | $462,536 | $3,087/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,599, that implies roughly $111,396 a year before you add taxes and insurance. The median household in Oak Park earns $108,026, about $3,370 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.5x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Oak Park in the next 12 months?
Tell us your timeline. We send the Oak Park market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Oak Park?
Typical asking rent in Oak Park, IL is $2,025/mo, against a typical home value of $486,880. That is a price-to-rent ratio of 20.0x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,599 a month — $574 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Oak Park?
Active listings in Oak Park, IL went from 152 in May 2025 to 136 in May 2026, a -10.5% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 154 | 87 |
| July 2025 | 156 | 76 |
| August 2025 | 131 | 59 |
| September 2025 | 156 | 91 |
| October 2025 | 150 | 54 |
| November 2025 | 116 | 27 |
| December 2025 | 80 | 21 |
| January 2026 | 84 | 39 |
| February 2026 | 105 | 59 |
| March 2026 | 120 | 80 |
| April 2026 | 129 | 85 |
| May 2026 | 136 | 88 |
Redfin, through May 2026
How does Oak Park compare to Illinois and the U.S.?
Oak Park homes sell for $581,000 — 72% above the Illinois median of $337,900. Against the national median of $410,700, Oak Park runs 41% higher. Year-over-year, Oak Park moved +17.4% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Oak Park, IL | $581,000 | +17.4% | 48 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Oak Park
What buyers should watch
- Months of supply, currently 1.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 11.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $487 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $486,880 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Oak Park listing goes under contract in 48 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Oak Park added 88 new listings against 74 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +10.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Oak Park varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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?
Get connected with a local real estate expert — free, no obligation.
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%
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. Redfin, through May 2026
| 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 |
Who lives in Oak Park?
American Community Survey estimates for Oak Park. U.S. Census ACS, 2023
Population
53,315
Households
23,267
Median income
$108,026/yr
Median age
40.6 years
Owner-occupied
60.7%
Median home value
$456,300
Median gross rent
$1,456/mo
Mean commute
31.8 min
60.7% of occupied homes in Oak Park are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $456,300 against Zillow's $486,880 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,456/mo, below Zillow's $2,025/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Oak Park, not by size. Compare Oak Park side by side with any of them.
Which ZIP codes are in Oak Park?
These are the ZIP codes we see on active Oak Park listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Oak Park housing market FAQ
Is Oak Park a buyer's or seller's market?
Oak Park, IL is currently a strong seller's market. That read comes from 1.8 months of supply, homes going under contract in about 48 days, and sellers getting 103.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Oak Park?
The typical home in Oak Park, IL is worth $486,880 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $581,000, about $271 per square foot.
Is Oak Park cheaper than the rest of Illinois?
Oak Park's median sale price of $581,000 is 72% higher than the Illinois statewide median of $337,900, and 41% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Oak Park?
Homes in Oak Park, IL spent a median of 48 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Oak Park?
At the current 30-year fixed rate of 7.03%, 20% down on a $486,880 home is about $2,599 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $111,396 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $108,026.
Are home prices rising in Oak Park?
The typical home value in Oak Park, IL rose 10.2% over the last 12 months, from $441,905 to $486,880 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Oak Park?
Oak Park ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Oak Park?
That depends on your timeline, not on a headline. What the data says today: Oak Park, IL is a strong seller's market with 1.8 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 20.0x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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