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Featured local agent — Oakbrook Terrace, IL
Sarah Mitchell
Compass Real Estate · Oakbrook Terrace, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oakbrook Terrace, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Oakbrook Terrace, IL housing market right now?
The median home sale price in Oakbrook Terrace, IL is $295,000, up 22.9% year-over-year. Homes sell in an average of 86 days with 6 active listings. The market is currently a buyer'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 Oakbrook Terrace a buyer's or seller's market?
Oakbrook Terrace, IL is currently a buyer's market, based on 6.0 months of supply and homes selling in about 86 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
86
Average pace
Active listings
6
6.0 months supply
Sale-to-list
92.2%
Below asking
What does the Oakbrook Terrace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $500,000 |
| Year-over-year price change | +22.9% |
| Average days on market | 86 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 92.2% |
| Median price per sq ft | $205/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Oakbrook Terrace by property type?
How the Oakbrook Terrace, 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 | $537,500 | $257/sq ft | 4 | 65 days |
| Condo / Co-op | $295,000 | $205/sq ft | 1 | 86 days |
Source: Redfin · Updated monthly
The Oakbrook Terrace housing market is currently classified as a buyer's market with a median sale price of $295,000. Prices have risen 22.9% compared to last year, with homes spending an average of 86 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Oakbrook Terrace
There are currently 6 homes listed for sale in Oakbrook Terrace, Illinois. The median listing price is $500K.
Active listings
6
Homes on market
Median list price
$500K
Avg. days on market
86
Days until sale
New this week
2
Newly listed
Who lives in Oakbrook Terrace?
Population
2,714
Median income
$70,586/yr
Median age
34.4 years
Owner-occupied
25.9%
College grads
55.5%
Avg commute
28 min
Source: U.S. Census Bureau ACS
What are homes worth in Oakbrook Terrace?
Zillow home value
$427,453
Zillow rent index
$2,135/mo
Price-to-rent ratio
16.7x
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Oakbrook Terrace?
Oakbrook Terrace is a community of approximately 3K residents with a median age of 34.4 years.The median household income is $70,586, which represents a working-class community with solid middle-income opportunities. 55.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 25.9%, showing a blend of owner and renter-occupied properties. The average commute time is 28 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Oakbrook Terrace offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oakbrook Terrace?
1 schools tracked · 151 students
The largest public schools serving Oakbrook Terrace, 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.
Stella May Swartz Elem School
Grades 2-4 · 151 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 Oakbrook Terrace, IL?
Want a head-to-head view? Compare Oakbrook Terrace side-by-side with any other U.S. city using our market-comparison tool.
Is Oakbrook Terrace a good real estate investment market?
For investors evaluating Oakbrook Terrace, the price-to-rent ratio of 16.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 22.9% 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 Oakbrook Terrace's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Oakbrook Terrace's median home price.
Frequently asked questions
What is the average home price in Oakbrook Terrace?
The median home sale price in Oakbrook Terrace is $295,000, up 22.9% from last year.
How long do homes stay on market in Oakbrook Terrace?
Homes typically spend 86 days on market before going under contract.
What is the median income in Oakbrook Terrace?
The median household income is $70,586 per year.
Is Oakbrook Terrace a buyer's or seller's market?
With 6.0 months of supply, Oakbrook Terrace is currently a buyer's market.
What is the Zillow home value estimate for Oakbrook Terrace?
The Zillow Home Value Index (ZHVI) for Oakbrook Terrace is $427,453, representing the typical home value in the area.
What is the median condo price in Oakbrook Terrace?
The median condo/co-op sale price in Oakbrook Terrace, IL is $295,000, compared to $537,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oakbrook Terrace?
The median single-family home price in Oakbrook Terrace, IL is $537,500 (about $257 per square foot).
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