.

Oak Forest Shows Modest Boost in December 2013 Home Sales

But the city saw a slight decrease in the median sales price for homes during that same time, according to a Realtors organization.

By Michael Sewall

The 19 single, detached homes sold in Oak Forest during December 2013 represented an almost 6 percent increase from December 2012, when 18 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

Meanwhile, the median home sales price decreased in the village during the same time period. The median price dropped 2.7 percent to $143,500 from $147,500 in December 2012, according to the statistics.

Among the 59 Patch communities surveyed, the number of homes sold increased 8.2 percent, slightly below the rise seen across the estimated 200 Chicago suburbs MORe tracks.

“There’s no question that 2013 was an outstanding year for the Chicago-area housing market,” said Michael Parent, president of MORe and Vice President of Operations for Burnet Title’s Chicago Region. “In some ways it was even better than predicted, especially in regard to the upward trend in prices.”

Parent noted that the extreme cold we’ve experienced in 2014 has slowed the market, but he’s optimistic for the rest of the year.

“We expect to see good inventory coming on the market and an increase in buyers by the end of January,” he said. “Those are the homes that will be closing in April and May of 2014.”


Top Performers

  • Largest percentage increase in homes sold: Flossmoor (200 percent)
  • Largest percentage increase in median sales price: Downers Grove (56.9 percent)
  • Most homes sold in December 2013: Naperville (118)
  • Highest median sales price in December 2013: Hinsdale ($997,000) 
RELATED: A chart of December sales for all Patch towns in the Chicago area.
jack hess January 26, 2014 at 01:14 PM
Yes who in their right mind would move to Oak Forest in Crook County . The County just raised our property taxes again! Now the Crook County Forest Preserve Dept is going to raise our TAXS. They are going to spend $40 million dollars of TAX PAYER MONEY! ALL OF THE TAX PAYER OF CROOK COUNTY NEED TO CONTACT OUR PART-TIME, BUT, PAID FULL TIME CROOK COUNTY COMMISSIONERS TO STOP THIS OUTRAGEOUS ASSAULT ON TAX PAYERS!
Dave Hernandez January 27, 2014 at 02:16 PM
Mr. Jack, I hear you!! Our homes' property value keeps decreasing yet our taxes keep increasing. More frustrating, the price of commodities is also rising, like water and gas. How is that an "outstanding year"?

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something