Oak Park Market Report

90-day market data from Chicago MLS — updated March 3, 2026

Seller's Market
$641K Median Sale Price
12 Days to Contract
99.5% Sale-to-List Ratio
56 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated March 3, 2026.

Example 2.5% commission on the Oak Park median of $641K = $16,013. Net Gain's flat fee = $1,995.

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Price Band Breakdown

Where buyers are actually competing in Oak Park

Price Range Sold Avg Days Sale-to-List Active
$600K-$650K Strongest Demand 4 24d 100% 0
$400K-$450K 5 6d 100% 2
$550K-$600K 5 27d 99% 1
$350K-$400K 3 18d 96% 0
$500K-$550K 4 59d 97% 0
$650K-$700K 5 42d 98% 2
$250K-$300K 3 32d 88% 0

The $600K-$650K range shows the strongest buyer demand with 4 sales averaging 24 days to contract at 100% of asking. No active competition in this band.

Market Velocity

How fast the Oak Park market is moving

8%
Price Reduction Rate
Avg 174 days before cut
12d
Median Days to Contract
Fastest 25%: 5 days
0.7
Months of Supply
13 active listings

With only 8% of listings requiring price reductions, Oak Park sellers who price correctly are finding buyers quickly.

The median time to contract is 12 days, with motivated buyers moving within 5 days on well-priced listings.

With 0.7 months of inventory, this remains a seller's market where properly positioned listings have leverage.

What This Means for Your Listing

Commission savings at the Oak Park median

Example 2.5% Commission
$16,013
Based on $641K median
vs
Up to $14K 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 12 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 $641K, that's $14,018 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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