Oak Lawn Market Report
Condo
90-day market data from Chicago MLS — updated April 5, 2026
Source: MRED MLS, 90-day sold data. Updated April 5, 2026.
Example 2.5% commission on the Oak Lawn median of $185K = $4,625. Net Gain's flat fee = $1,995.
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See price band breakdown, market velocity analysis, and personalized listing advice.
Price Band Breakdown
Where buyers are actually competing in Oak Lawn
| Price Range | Sold | Avg Days | Sale-to-List | Above Ask | Active |
|---|---|---|---|---|---|
| $150K-$200K Strongest Demand | 18 | 28d | 98% | 1/18 | 19 |
| $200K-$250K | 13 | 25d | 100% | 4/13 | 14 |
| $100K-$150K | 12 | 55d | 95% | 1/12 | 6 |
| $300K-$350K | 2 | 27d | 102% | 1/2 | 2 |
| $250K-$300K | 3 | 33d | 97% | 0/3 | 2 |
The $150K-$200K range shows the strongest buyer demand with 18 sales averaging 28 days to contract . Currently 19 active listings competing.
Market Momentum
What's happening right now in Oak Lawn
27 homes are under contract against 43 active listings. Demand is steady, with buyers moving on roughly half of available inventory.
17 of those went under contract in the last 30 days alone. This is current demand, not historical data.
The Cost of Overpricing
What happens when sellers miss the market in Oak Lawn
In a market where correctly priced homes sell in 17 days, overpriced listings in Oak Lawn sat 90 days before going under contract. That's 70 extra days on market, and they still had to cut an average of 4%.
4 listings expired without selling. Average time on market: 198 days. The data is clear: the market works, but only for homes priced to where buyers are actually competing.
Market Velocity
How fast the Oak Lawn market is moving
26% of active listings have taken price cuts, suggesting some sellers initially overpriced.
Homes are taking 17 days to contract on average, though competitively priced properties move faster at 7 days.
2.7 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
In a market where correctly priced homes sell in 17 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 $185K, that's $2,630 you keep by choosing flat fee over traditional commission. Same MLS listing. Same buyer exposure. Same professional service.
Or send your address to matthew@netgain.realty for a property-specific analysis
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