Oak Park, MI
Housing market overview · Updated weekly
$218,555median sale price
Homes sold
31
Last 12 weeks
Days on market
43
Average pace
Active listings
47
1.5 months supply
Sale-to-list
98.7%
Below asking
The Oak Park housing market is currently classified as a seller's market with a median sale price of $218,555. Prices have fallen 5.8% compared to last year, with homes spending an average of 43 days on market, indicating 1.5 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
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Frequently asked questions
What is the average home price in Oak Park?
The median home sale price in Oak Park is $218,555, down 5.8% from last year.
How long do homes stay on market in Oak Park?
Homes typically spend 43 days on market before going under contract.
Is Oak Park a buyer's or seller's market?
With 1.5 months of supply, Oak Park is currently a seller's market.
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