Search homes for sale in Oak Brook, known as a hub for corporate headquarters.
The Oak Brook housing market is moderately competitive, with homes for sale in Oak Brook, IL typically receiving an average of two offers and selling within about 74 days. Last month, the median sale price for Oak Brook homes for sale reached $1.1 million, reflecting a significant 15.6% increase compared to the previous year. Additionally, the median sale price per square foot in Oak Brook saw a remarkable rise, now at $347, marking a 30.7% jump since last year. This upward trend in both price and value per square foot highlights the growing demand for Oak Brook, IL homes, making it an appealing market for buyers seeking luxury and investment potential.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
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.
Whether you have questions or are ready to explore homes for sale in Oak Brook, IL, our expert team is here to guide you through the process. Let us help you find the perfect property that suits your lifestyle and needs. Reach out now and start your Oak Brook real estate journey with us!
Dive into our comprehensive neighborhood guide to discover the charm and luxury of homes for sale in Oak Brook, IL. Whether you're looking for your next home or just curious about the area, our guide offers valuable insights into everything Oak Brook has to offer. Start exploring today to find the ideal community for your lifestyle!
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Navigate the luxury real estate market with confidence to find your dream home.
Jeff will do his best to have your selling or buying experience as fun and stress-free as possible. He is very flexible and very easy to work with. After all, your needs come first!
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17W480 22nd St. Oakbrook Terrace, IL 60181
