The Downtown Oak Lawn housing market is somewhat competitive. The median sale price of a home in Downtown Oak Lawn was $228K last month, up 0.6% since last year. The median sale price per square foot in Downtown Oak Lawn is $152, down 13.8% since last year.
What is the housing market like in Downtown Oak Lawn today?
In March 2024, Downtown Oak Lawn home prices were up 0.6% compared to last year, selling for a median price of $228K. On average, homes in Downtown Oak Lawn sell after 68 days on the market compared to 71 days last year. There were 42 homes sold in March this year, down from 43 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$227,950
+0.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Oak Lawn, IL
$227,950
+0.6%
United States
To compare other locations to the Downtown Oak Lawn and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Oak Lawn add value to a home.
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How hot is the Downtown Oak Lawn housing market?
Downtown Oak Lawn is somewhat competitive. Homes sell in 50.5 days.
0
100
54
Somewhat Competitive
Redfin Compete Score™
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 51 days.
Hot homes
can sell for about 1% above list price and go pending in around 36 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Oak Lawn housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Oak Lawn.
Risk Factor
Flood Factor - Moderate
30% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Oak Lawn has a moderate risk of flooding. 371 properties in Downtown Oak Lawn are likely to be
severely affected
by flooding over the next 30 years. This represents 30% of all properties in Downtown Oak Lawn. Flood risk is increasing slower than the national average.
Downtown Oak Lawn has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Oak Lawn has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Oak Lawn has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Oak Lawn have a Moderate Heat Factor®.
Downtown Oak Lawn is expected to see a 114% increase in the number of days over 101ºF over the next 30 years. Downtown Oak Lawn is expected to experience 7