Oak Brook, IL Housing Market
The Oak Brook housing market is somewhat competitive. Homes in Oak Brook receive 2 offers on average and sell in around 66 days. The median sale price of a home in Oak Brook was $1.1M last month, down 8.9% since last year. The median sale price per square foot in Oak Brook is $284, up 6.8% since last year.
Oak Brook Housing Market Trends
In May 2024, Oak Brook home prices were down 8.9% compared to last year, selling for a median price of $1.1M. On average, homes in Oak Brook sell after 66 days on the market compared to 65 days last year. There were 16 homes sold in May this year, up from 13 last year.
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How hot is the Oak Brook housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 66 days.
- Hot homescan sell for about 4% above list price and go pending in around 42 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 52 days.
- Hot homescan sell for about 3% above list price and go pending in around 34 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% above list price and go pending in around 39 days.
- Hot homescan sell for about 5% above list price and go pending in around 30 days.
Oak Brook Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Oak Brook from outside metros.
- New York homebuyers searched to move into Oak Brook more than any other metro followed by Peoria and St. Louis.
- 86% of Oak Brook homebuyers searched to stay within the Oak Brook metropolitan area.
- Cape Coral was the most popular destination among Oak Brook homebuyers followed by Sarasota and South Bend.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,510 | ||
2 | 730 | ||
3 | 695 | ||
4 | 544 | ||
5 | 366 | ||
6 | 285 | ||
7 | 185 | ||
8 | 171 | ||
9 | 51 | ||
10 | 50 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,962 | ||
2 | 1,319 | ||
3 | 1,297 | ||
4 | 1,157 | ||
5 | 1,141 | ||
6 | 1,111 | ||
7 | 881 | ||
8 | 846 | ||
9 | 793 | ||
10 | 747 |
Home offer insights for Oak Brook
Recent offers
View houses in Oak Brook that sold recently
Recently sold homes
- $540,000 Last Sold Price2 beds2.5 baths1,188 sq ft2S712 Williamsburg Ct, Oak Brook, IL 60523List Price$575,000Sale to List6% under listDays on Market81 days2S712 Williamsburg Ct, Oak Brook, IL 60523
- $940,000 Last Sold Price5 beds2.5 baths2,998 sq ft2S580 Avenue Chateaux E, Oak Brook, IL 60523List Price$989,000Sale to List5% under listDays on Market99 days2S580 Avenue Chateaux E, Oak Brook, IL 60523
- $554,000 Last Sold Price3 beds2 baths1,656 sq ft43 Timber Trail Dr, Oak Brook, IL 60523List Price$549,900Sale to List1% over listDays on Market32 days43 Timber Trail Dr, Oak Brook, IL 60523
- $3,900,000 Last Sold Price4 beds5.5 baths7,800 sq ft5 Sheffield Ln, Oak Brook, IL 60523List Price$4,300,000Sale to List9% under listDays on Market159 days5 Sheffield Ln, Oak Brook, IL 60523
- $1,550,000 Last Sold Price—beds—baths—sq ft20 Keller Ln, Oak Brook, IL 60523List Price$1,800,000Sale to List14% under listDays on Market154 days20 Keller Ln, Oak Brook, IL 60523
- $767,000 Last Sold Price3 beds2.5 baths3,800 sq ft834 Red Stable Way, Oak Brook, IL 60523List Price$650,000Sale to List18% over listDays on Market44 days834 Red Stable Way, Oak Brook, IL 60523
- $717,500 Last Sold Price2 beds2 baths1,932 sq ft1409 Burr Oak Rd Unit 114A, Hinsdale, IL 60521List Price$734,500Sale to List2% under listDays on Market121 days1409 Burr Oak Rd Unit 114A, Hinsdale, IL 60521
- $625,000 Last Sold Price3 beds3 baths2,080 sq ft1140 Old Mill Rd Unit 301F, Hinsdale, IL 60521List Price$625,000Sale to List0% over listDays on Market29 days1140 Old Mill Rd Unit 301F, Hinsdale, IL 60521
See all recently sold homes in Oak Brook.
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Schools in Oak Brook
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Brook Forest Elementary School Public • K-5 | 263 Students | 6 reviews |
8/10 York Center Elementary School Public • 3-5 | 190 Students | 4 reviews |
6/10 Stella May Swartz Elementary School Public • 2-4 | 146 Students | 4 reviews |
NR Stevenson School Public • PreK-2 | 216 Students | 3 reviews |
Climate's impact on Oak Brook housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Oak Brook.
Flood Factor - Moderate
Flood Factor
![flood factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/flood-2.png)
Fire Factor - Moderate
Fire Factor
![fire factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/fire-2.png)
Wind Factor - Minimal
Wind Factor
![wind factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/wind-0.png)
Heat Factor - Moderate
Heat Factor
![heat factor score logo](https://ssl.cdn-redfin.com/v526.2.3/images/riskFactor/regional/heat-2.png)
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