Real Estate Market Update for Oak Brook, IL
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Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 2% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. 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 down 45%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 730-thousand dollars. The number of units sold decreased 59% year-over-year, and decreased 56% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
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 Elementary School 0.8 mi Public K-5 5 5
      Children's Montessori Language Academy 1.0 mi Private PRESCHOOL-K 0 0
      Oak Elementary School 1.1 mi Public PRESCHOOL-5 5 5
      Kindercare Learning Centers 1.1 mi Private PRESCHOOL-K 0 0
      Madison Elementary School 1.2 mi Public K-5 5 4
      St Isaac Jogues Elementary School 1.3 mi Catholic K-8 0 4
      Hinsdale Middle School 1.6 mi Public 6-8 5 4
      Monroe Elementary School 1.9 mi Public PRESCHOOL-5 5 5
      Westview Hills Middle School 2.0 mi Public 6-8 4 4
      Gower West Elementary School 2.3 mi Public PRESCHOOL-4 4 5
      Hinsdale Adventist Academy 2.3 mi Private PRESCHOOL-12 0 4
      The Lane Elementary 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 School 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 Elementary School 3.9 mi Public PRESCHOOL-4 2 3
      Oak Brook Christian 3.9 mi Private PRESCHOOL-K 0 0
      Butler Junior High School 4.2 mi Public 6-8 5 5
      Brook Forest Elementary 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 © 2014
      Local Weather for Oak Brook, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.