Oak Lawn Market Report

90-day market data from Chicago MLS — updated February 28, 2026

Balanced Market
$340K Median Sale Price
41 Days to Contract
98% Sale-to-List Ratio
71 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated February 28, 2026.

Example 2.5% commission on the Oak Lawn median of $340K = $8,500. Net Gain's flat fee = $1,995.

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Price Band Breakdown

Where buyers are actually competing in Oak Lawn

Price Range Sold Avg Days Sale-to-List Active
$350K-$400K Strongest Demand 22 36d 99% 11
$250K-$300K 16 85d 99% 5
$450K-$500K 6 77d 98% 2
$200K-$250K 7 75d 98% 5
$300K-$350K 14 31d 96% 9

The $350K-$400K range shows the strongest buyer demand with 22 sales averaging 36 days to contract . Currently 11 active listings competing.

Market Velocity

How fast the Oak Lawn market is moving

30%
Price Reduction Rate
Avg 114 days before cut
41d
Median Days to Contract
Fastest 25%: 11 days
2
Months of Supply
47 active listings

30% of active listings have taken price cuts, suggesting some sellers initially overpriced.

Homes are taking 41 days to contract on average, though competitively priced properties move faster at 11 days.

2 months of supply indicates a balanced market where pricing strategy matters more than ever.

What This Means for Your Listing

Commission savings at the Oak Lawn median

Example 2.5% Commission
$8,500
Based on $340K median
vs
Up to $7K difference
Net Gain Flat Fee
$1,995
Same MLS exposure. Same professional service.
Commission rates are not set by law, vary by brokerage, and are fully negotiable. Buyer's agent compensation is separate and determined by the seller. Net Gain Realty charges a flat fee of $1,995 for listing services.

In a market where correctly priced homes sell in 41 days, the listing agent's job is clear: accurate pricing, professional marketing, and responsive transaction management. These are execution tasks—and you should decide what they're worth.

At $340K, that's $6,505 you keep by choosing flat fee over traditional commission. Same MLS listing. Same buyer exposure. Same professional service.

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Or send your address to matthew@netgain.realty for a property-specific analysis

Data sourced from Midwest Real Estate Data (MRED) MLS. Information deemed reliable but not guaranteed. Data represents recent MLS activity and is provided for informational purposes only. Not a guarantee of future results or property value.

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