Real Estate Market Update for Oak Brook, IL

Video: Real Estate Community Tour for Oak Brook, IL

See Real estate community tour for Oak Brook, IL
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 2% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 950-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 66%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 710-thousand dollars. The number of units sold increased 67% year-over-year, and increased 15% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Oak Brook, IL
Area Information for Oak Brook, IL
  • Population: 7,957
  • Median Age: 54.97 yr
  • Median Commute Time: 28.73 mins
  • Educational Climate*: 5
  • Sales Tax: 8.75%
  • Population Density: 1,001/sq mi
  • Population Change Since 2000: -7.02%
  • Closest Airport: Chicago O'hare International
  • Closest College: Itt Technical Institute-oak Brook
  • Closest Jr. College: College Of Dupage
  • Median Household Income: $120,526
  • Annual Residential Turnover: 11.06%
  • Median Years in Residence: 3.08 yr
  • Median Home Sales Price: $560,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Oak Brook, IL
Median Age: 54.97 Married: 48% Number of Households: 3,155 Households with Children: 659
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Oak Brook, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Hinsdale Central High School 0.7 mi Public 9-12 5 4
      Elm Elem School 0.8 mi Public K-5 5 5
      Hinsdale Twp Hsd 86 Adult Opportunities Program 0.8 mi Public 12-12 0 0
      Children's Montessori Language Academy 1.0 mi Private PRESCHOOL-K 0 0
      Oak Elem School 1.1 mi Public PRESCHOOL-5 5 5
      Kindercare Learning Centers 1.1 mi Private PRESCHOOL-K 0 0
      Madison Elem School 1.2 mi Public K-5 5 4
      St Isaac Jogues 1.3 mi Catholic K-8 0 4
      Hinsdale Middle School 1.6 mi Public 6-8 5 4
      Monroe Elem School 1.9 mi Public PRESCHOOL-5 5 5
      Westview Hills Middle School 2.0 mi Public 6-8 4 4
      Gower West Elem School 2.3 mi Public PRESCHOOL-4 4 5
      Hinsdale Adventist Academy 2.3 mi Private PRESCHOOL-12 0 4
      The Lane Elem School 2.3 mi Public K-5 5 5
      Gower Middle School 2.3 mi Public 5-8 4-5 5
      Pleasantdale Middle School 2.5 mi Public 5-8 4-5 5
      Trinity Lutheran 3.2 mi Private PRESCHOOL-8 0 5
      St Mark Christian Montessori Preschool 3.7 mi Private PRESCHOOL-K 0 0
      Burr Ridge Middle School 3.8 mi Public 5-8 1 2
      Anne M Jeans Elem School 3.9 mi Public PRESCHOOL-4 2 3
      Oak Brook Christian 3.9 mi Private PRESCHOOL-K 0 0
      Oak Brook Park District 4.0 mi Public PRESCHOOL-PRESCHOOL 0 0
      Butler Junior High School 4.2 mi Public 6-8 5 5
      Bright Horizons Child Care And Early 4.5 mi Private PRESCHOOL-K 0 0
      Brook Forest Elem School 4.6 mi Public K-5 5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Oak Brook, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.