Oak Park Real Estate Market

Oak Park Market

The median sale price for homes in Oak Park over the last 12 months is $50,000.


The median mortgage debt is $154,182.

Additional Statistics for Single Family Homes and Condos in Oak Park, MI
$59,710
Median Listing Price
37
Median Days on Market
76
Active Listings
31.6%
Distressed Listings
(foreclosures and short sales)
Oak Park, MI Price Trends - Sold vs. Listed

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

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Oak Park, MI Market Inventory Trends

The number of active listings in Oak Park dropped by 14.3% from the previous month.

The median number of days active properties have been listed is 37. This is significantly shorter than the national average.

The number of sales increased by 266.7% from the previous month.

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Oak Park, MI Property Ownership

The percent of rental properties in Oak Park is 10.16% above the national average which is typical for urban areas.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.