We've been in Oak Park showing houses the past couple weekends. One client is looking for a "move up" house. We represented them in the purchase of a house just over three years ago. Two kids later - and with more purchasing power - they'd like to trade up. A second group is looking for their first house and will move out of Chicago.
Our client's current house is located in the Oak Park area south of I-290 (Eisenhower expressway). Most of the houses we are looking at for a purchase reside in the southern area too.
Oak Park single family home sales January 1st to November 14th (south of I-290)
85 single family homes traded hands so far this year. The median price is about $326,000 (up 12% from last year). 110 units sold in 2013 over the same period. But median price was only $290,000. Oak Park is like many areas of the Chicago and the suburbs this year with low inventory (sometimes meaning lower unit sales) and higher prices.
The highest sale price in 2014 is $685,672 for 1036 S Clinton Avenue, Oak Park IL 60304. The fully gut renovated home on a double lot (50' wide) was originally sold as a foreclosure is 2013 for $252,000.
The lowest priced sale this year was $130,000 at 1173 S Ridgeland, Oak Park IL 60304. The small stucco bungalow needs a complete renovation.
2014 85 homes sold with a median price of $326,000
2013 110 homes sold with a median price of $290,000
2012 72 homes closed with a median price of $289,000
2011 49 homes closed with a median price of $290,000
2010 54 homes closed with a median price of $300,000 (Federal First Time Home Buyers tax credit in effect)
2009 72 homes closed with a median price of $310,000 (Federal First Time Buyer credit in effect)
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| The quiet car-free streets of Oak Park on a weekend morning. Oak Park has a "no overnight" parking ordinance. |
Our client's current house is located in the Oak Park area south of I-290 (Eisenhower expressway). Most of the houses we are looking at for a purchase reside in the southern area too.
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| Oak Park sales south of I-290 between Austin and Harlem |
85 single family homes traded hands so far this year. The median price is about $326,000 (up 12% from last year). 110 units sold in 2013 over the same period. But median price was only $290,000. Oak Park is like many areas of the Chicago and the suburbs this year with low inventory (sometimes meaning lower unit sales) and higher prices.
The highest sale price in 2014 is $685,672 for 1036 S Clinton Avenue, Oak Park IL 60304. The fully gut renovated home on a double lot (50' wide) was originally sold as a foreclosure is 2013 for $252,000.
The lowest priced sale this year was $130,000 at 1173 S Ridgeland, Oak Park IL 60304. The small stucco bungalow needs a complete renovation.
2014 85 homes sold with a median price of $326,000
2013 110 homes sold with a median price of $290,000
2012 72 homes closed with a median price of $289,000
2011 49 homes closed with a median price of $290,000
2010 54 homes closed with a median price of $300,000 (Federal First Time Home Buyers tax credit in effect)
2009 72 homes closed with a median price of $310,000 (Federal First Time Buyer credit in effect)
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| I always find myself in Oak Park in early and late winter months as clients plan their moves. Photo Eric Rojas, Broker, Kale Realty |
See you in Oak Park!
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