Oak Park, MI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Oak Park, MI is $218,555, down 5.8% year-over-year. Homes sell in an average of 43 days with 47 active listings. The market is currently a seller's market.
$218,555median sale price
Is Oak Park a buyer's or seller's market?
Oak Park, MI is currently a seller's market, based on 1.5 months of supply and homes selling in about 43 days. How we determine this →
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
Oak Park, MI market data
| Metric | Value |
|---|---|
| Median sale price | $218,555 |
| Median list price | $223,500 |
| Year-over-year price change | -5.8% |
| Average days on market | 43 days |
| Active inventory | 47 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 98.7% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
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
Homes for sale in Oak Park
There are currently 47 homes listed for sale in Oak Park, Michigan. The median listing price is $224K.
Active listings
47
Homes on market
Median list price
$224K
Avg. days on market
43
Days until sale
New this week
25
Newly listed
Top public schools in Oak Park
11 schools tracked · 4,392 students
The largest public schools serving Oak Park, MI 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 High School
Grades 9-12 · 873 students
Norup International School
Grades K-8 · 688 students
Oak Park Preparatory Academy
Grades 6-8 · 679 students
Ferndale Upper Elementary Campus
Grades K-6 · 533 students
Key Elementary School
Grades PK-5 · 507 students
Pepper Elementary School
Grades PK-5 · 401 students
Einstein Elementary School
Grades PK-5 · 393 students
Oak Park Service Learning Academy OPSLA
Grades PK-8 · 176 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 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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