Oak Brook, IL Real Estate Listings & Homes for Sale

In July 2024, homes for sale in Oak Brook, IL saw a notable 15.6% increase in prices compared to the previous year, with a median selling price of $1.1 million. On average, Oak Brook homes for sale spent around 74 days on the market, slightly longer than the 67 days recorded last year. A total of 10 homes were sold this July, down from 13 during the same period last year. The median sale price per square foot in Oak Brook surged by 30.7%, reaching $347, indicating strong demand for properties in the area.

The Oak Brook housing market is moderately competitive, with most homes for sale in Oak Brook, IL selling within 56 days. While some properties receive multiple offers, on average, homes tend to sell for about 2% below the list price and go pending in around 56 days. However, "hot" Oak Brook homes for sale can sell for up to 3% above the asking price and go under contract in as little as 35 days, making them highly sought after in the area.

Nationwide, 3% of homebuyers are looking to relocate to Oak Brook, IL from outside metropolitan areas. Among these potential buyers, those from New York showed the most interest in moving to Oak Brook, followed closely by homebuyers from Peoria and St. Louis. This interest underscores Oak Brook’s appeal as a desirable location, offering luxury living, strong community amenities, and proximity to Chicago.