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Oak Park Market Trends

Today, November 28, 2009

Median Sales Price in Oak Park

Embed Info
1 yr 5 yr Max
Oak Park median sales prices
Number of sold homes in Oak Park
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms$57,837-11.5%$43,200$65,384$100,000
3 bedrooms$57,900-4.9%$53,100$60,900$140,000
4 bedrooms$74,723-56.7%$45,500$172,464$167,990
All properties$58,400-10.2%$50,000$65,000$139,900
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Oak Park Summary

The median sales price for homes in Oak Park MI for Aug 09 to Oct 09 was $58,400. This represents an increase of 16.8%, or $8,400, compared to the prior quarter and a decrease of 10.2% compared to the prior year. Sales prices have depreciated 58.3% over the last 5 years in Oak Park.

The average listing price for Oak Park homes for sale on Trulia was $82,823 for the week ending Nov 18, which represents a decline of 1.9%, or $1,625, compared to the prior week and a decline of 3.7%, or $3,145, compared to the week ending Oct 28. Average price per square foot for Oak Park MI was $55, a decrease of 14.1% compared to the same period last year.

 

Average Listing Price in Oak Park

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1 yr 5 yr Max
Oak Park average property price
Oak Park – number of properties
No. BedroomsWeek ending
Nov 18
w-o-wWeek ending
Nov 11
Week ending
Nov 4
Week ending
Oct 28
1 bedroom-----
2 bedrooms$51,950-6.6%$55,606$60,226$60,512
3 bedrooms$81,958-2.0%$83,604$84,022$84,539
4 bedrooms$102,534+3.0%$99,513$99,193$105,226
All properties$82,823-1.9%$84,448$85,011$85,968
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Average Price Per Sqft for Homes in Oak Park

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1 yr 5 yr Max
Oak Park average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms$46-37.0%$48$73$114
3 bedrooms$57-6.6%$62$61$117
4 bedrooms$32-59.0%$45$78$103
All properties$55-14.1%$61$64$116
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Homes for Sale in Oak Park

24200 Scotia Road, Oak Park MI
24200 Scot…
$39,900
3 br  2 ba
13741 Labelle Street, Oak Park MI
13741 Labe…
$125,000
3 br  1 ba
8228 Oak Park Boulevard, Oak Park MI
8228 Oak P…
$69,900
2 br  1 ba
25970 Marlowe Place, Oak Park MI
25970 Marl…
$124,900
3 br  2 ba
15030 Dartmouth Street, Oak Park MI
15030 Dart…
$114,900
3 br  2 ½ ba
14020 Balfour Street, Oak Park MI
14020 Balf…
$105,000
3 br  1 ba
View all Oak Park Homes for Sale
 
Stats & Trends
Oak Park

Real Estate Overview

Market Trends

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Community Info

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Nearby Cities

Cities
Median
sales price
Average
listing price
Huntington Woods
$210,000
$278,138
Berkley
$110,000
$133,588
Lathrup Village
$105,000
$137,462
Pleasant Ridge
$156,500
$251,423
Ferndale
$75,000
$99,453
Royal Oak
$117,832
$160,351
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.