Why Live in Oak Lawn
Oak Lawn, IL, a community of over 58,000 people in the Chicagoland suburbs, has seen significant redevelopment since a devastating tornado in 1967. The median home price in Oak Lawn is $267,000, lower than both the Chicago and national medians. Housing options include split-level homes, brick raised ranches, and condos in complexes like Shibui and West Edge. Despite a slight increase in property crime rates, Oak Lawn's crime statistics remain below the national average. The village's downtown area along 95th Street is bustling with coffee shops, restaurants, and local businesses, supported by an active Chamber of Commerce. Major employers include Advocate Christ Medical Center and numerous car dealerships. Commuters can drive to downtown Chicago via Interstate 55, take Pace buses, or use Metra's SouthWest Service. Chicago Midway International Airport is about 5 miles north. Oak Lawn students attend highly rated schools, including Oak Lawn-Homeland School District 123, Oak Lawn Community High School District 229, and Community High School District 218. The Oak Lawn Park District manages over 280 acres of parks, with Centennial Park being the largest at 38 acres, offering soccer fields, volleyball courts, a swimming pool, and an indoor recreational center. Wolfe Wildlife Refuge provides a habitat for over 100 bird species and is undergoing renovations. Downtown Oak Lawn hosts summer events and a Sunday Concert Series, and attractions include the Children's Museum with interactive exhibits.
Home Trends in Oak Lawn, IL
On average, homes in Oak Lawn, IL sell after 26 days on the market compared to the national average of 70 days. The median sale price for homes in Oak Lawn, IL over the last 12 months is $165,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$165,000
Median Single Family Sale Price
$330,000
Median Townhouse Sale Price
$325,000
Median 2 Bedroom Sale Price
$165,000
Median 1 Bedroom Sale Price
$140,000
Average Price Per Sq Ft
$167
Number of Homes for Sale
10
Last 12 months Home Sales
164
Median List Price
$159,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
3%