Oak Lawn, IL Housing Market
The Oak Lawn housing market is somewhat competitive. Homes in Oak Lawn receive 3 offers on average and sell in around 47 days. The median sale price of a home in Oak Lawn was $254K last month, up 3.2% since last year. The median sale price per square foot in Oak Lawn is $172, up 10.3% since last year.
Oak Lawn Housing Market Trends
In March 2024, Oak Lawn home prices were up 3.2% compared to last year, selling for a median price of $254K. On average, homes in Oak Lawn sell after 47 days on the market compared to 55 days last year. There were 62 homes sold in March this year, down from 74 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Oak Lawn 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 59 days.
- Hot homescan sell for about 1% above list price and go pending in around 36 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 1% below list price and go pending in around 65 days.
- Hot homescan sell for about 2% above list price and go pending in around 36 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 3% below list price and go pending in around 56 days.
- Hot homescan sell for around list price and go pending in around 40 days.
Oak Lawn Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Oak Lawn from outside metros.
- New York homebuyers searched to move into Oak Lawn more than any other metro followed by St. Louis and San Francisco.
- 86% of Oak Lawn homebuyers searched to stay within the Oak Lawn metropolitan area.
- Cape Coral was the most popular destination among Oak Lawn homebuyers followed by Sarasota and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 1,636 | ||
2 | 658 | ||
3 | 587 | ||
4 | 406 | ||
5 | 355 | ||
6 | 290 | ||
7 | 132 | ||
8 | 128 | ||
9 | 38 | ||
10 | 32 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,272 | ||
2 | 1,425 | ||
3 | 1,310 | ||
4 | 1,309 | ||
5 | 1,270 | ||
6 | 1,127 | ||
7 | 901 | ||
8 | 786 | ||
9 | 743 | ||
10 | 734 |
Home offer insights for Oak Lawn
Recent offers
- Offer Not Accepted|9 Weeks Ago~$325K OfferSold for $325K4 bd | 2 ba | ~1,500 sqftUnder List Price3%Days on Market67Competing Offers0Down Payment~20%
- Offer Not Accepted|11 Weeks Ago~$225K OfferSold for $225K4 bd | 1.5 ba | ~1,500 sqftOver List Price2%Days on Market42Competing Offers8Down Payment<10%
- Offer Not Accepted|12 Weeks Ago~$275K OfferSold for $325K4 bd | 2 ba | ~1,500 sqftUnder List Price11%Days on Market67Competing Offers0Down Payment~10%
- Offer Not Accepted|12 Weeks Ago~$250K OfferSold for $275K3 bd | 2 ba | ~1,500 sqftUnder List Price8%Days on Market68Competing Offers4Down Payment<10%
View houses in Oak Lawn that sold recently
Recently sold homes
- $332,000 Last Sold Price4 beds2.5 baths2,660 sq ft8647 Lockwood Ave, Burbank, IL 60459List Price$329,872Sale to List1% over listDays on Market53 days8647 Lockwood Ave, Burbank, IL 60459
- $200,000 Last Sold Price2 beds2 baths1,400 sq ft4005 W 93rd St Unit 3B, Oak Lawn, IL 60453List Price$199,900Sale to List0% over listDays on Market105 days4005 W 93rd St Unit 3B, Oak Lawn, IL 60453
- $200,000 Last Sold Price2 beds2 baths1,000 sq ft9840 S Pulaski Rd #315, Oak Lawn, IL 60453List Price$199,900Sale to List0% over listDays on Market37 days9840 S Pulaski Rd #315, Oak Lawn, IL 60453
- $230,000 Last Sold Price2 beds1.5 baths988 sq ft4029 Nelson Walk, Oak Lawn, IL 60453List Price$199,000Sale to List16% over listDays on Market43 days4029 Nelson Walk, Oak Lawn, IL 60453
- $393,000 Last Sold Price3 beds2.5 baths2,038 sq ft9222 S 54th Ave, Oak Lawn, IL 60453List Price$375,000Sale to List5% over listDays on Market49 days9222 S 54th Ave, Oak Lawn, IL 60453
- $344,900 Last Sold Price3 beds1.5 baths1,560 sq ft5239 Oak Center Dr, Oak Lawn, IL 60453List Price$344,900Sale to List0% over listDays on Market48 days5239 Oak Center Dr, Oak Lawn, IL 60453
- $250,000 Last Sold Price4 beds2.5 baths1,615 sq ft9755 Natoma Ave, Oak Lawn, IL 60453List Price$289,900Sale to List14% under listDays on Market55 days9755 Natoma Ave, Oak Lawn, IL 60453
- $457,000 Last Sold Price3 beds3 baths3,044 sq ft6606 W 93rd St, Oak Lawn, IL 60453List Price$399,873Sale to List14% over listDays on Market27 days6606 W 93rd St, Oak Lawn, IL 60453
See all recently sold homes in Oak Lawn.
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Schools in Oak Lawn
- Elementary
- Middle
- High
GreatSchools Rating
9/10 George W Lieb Elementary School Public • PreK-5 | 365 Students | 2 reviews |
8/10 Worth Elementary School Public • PreK-5 | 401 Students | 5 reviews |
8/10 Sward Elementary School Public • PreK-5 | 516 Students | 6 reviews |
7/10 Harnew Elementary School Public • PreK-5 | 588 Students | 6 reviews |
7/10 Kolmar Avenue Elementary School Public • PreK-5 | 438 Students | 4 reviews |
Climate's impact on Oak Lawn housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Oak Lawn.
Flood Factor - Moderate
Flood Factor
Fire Factor - Minimal
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Oak Lawn
Walk Score®
Transit Score®
Bike Score®
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