Is Oak Park, IL 60303 a buyer’s or seller’s market?
Oak Park is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Oak Park housing market right now
In the three months ending August 31, 2026, 0% of homes in Oak Park, IL 60303 sold above their list price, the typical home went under contract in 30 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $231,900, or about $264 per square foot.
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Questions about Oak Park real estate
Is Oak Park a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Oak Park, IL 60303 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Oak Park?
The typical home went under contract in 30 days in the latest three months.
Do homes in Oak Park sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What is the median home price in Oak Park?
The median sale price was $231,900 in the three months ending August 31, 2026, about $264 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology