Oak Park's house market is building real momentum, sales up 22.3 per cent this year to 159, with the median up 3.0 per cent to $956,000 and clearance climbing 8.4 per cent to 65.1 per cent. Days on market have improved too, down 16.3 per cent to 36 days.
The apartment market tells a more mixed story, unit sales down 21.3 per cent even as prices rose 5.8 per cent to $656,000 and clearance climbed to a strong 88.9 per cent, up 13.1 per cent. That combination, fewer transactions but higher prices and clearance, suggests a smaller, more selective pool of unit buyers this year.
With house sales volume up sharply and clearance improving across both markets, Oak Park is showing genuine signs of strengthening buyer demand heading into the spring selling season this year.
Median sale price for houses in Oak Park is $936,500, down 2.4% from last year.
Median sale price for units in Oak Park is $651,500, up 5.1% from last year.
Properties sold for houses in Oak Park is 160, up 20.3% from last year.
Properties sold for units in Oak Park is 38, down 22.4% from last year.
Auction clearance for houses in Oak Park is 63.1%, down 0.7% from last year.
Auction clearance for units in Oak Park is 88.9%, up 11.1% from last year.
Av days on market for houses in Oak Park is 36, down 18.2% from last year.
Av days on market for units in Oak Park is 33, down 10.8% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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