Housing Market Report for Oak Park Elementary School District 97, IL

This housing market report uses absorption rates to track supply and demand for Oak Park Elementary School District 97, IL. With 1.2 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: September 16, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$700k – $750k

Absorption rate of 2.3, with 0.4 months of inventory.

Coolest Segment ❄️
$950k – $1m

With 4.8 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$700k – $750k

1 active listings with 14 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 0.9 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
275k-300k 1 1 0.2 0 Seller's
325k-350k 2 0.3 0 Seller's
375k-400k 1 1 0.2 0 Seller's
400k-425k 6 2 1 0 Seller's
450k-475k 1 4 0.7 1.5 Seller's
475k-500k 8 1 1.3 0 Seller's
500k-550k 6 1 0 Seller's
550k-600k 3 11 0.6 1.6 Seller's
600k-650k 1 11 1.8 0.5 Seller's
650k-700k 2 11 2 0.9 1.1 Seller's
700k-750k 1 14 2 2.3 0.4 Seller's
750k-800k 9 1 1.5 0 Seller's
800k-850k 5 0.8 0 Seller's
850k-900k 2 6 2 0.5 2 Seller's
900k-950k 2 5 0.4 2.4 Seller's
950k-1m 4 5 0.2 4.8 Balanced
1m-1.1m 2 5 1 0.4 2.4 Seller's
1.1m-1.2m 5 0.8 0 Seller's
1.2m-1.3m 5 1 0.8 0 Seller's
1.3m-1.4m 1 3 0.5 2 Seller's
1.7m-1.8m 1 0.2 0 Seller's

Townhouses

Hottest Segment 🔥
$400k – $425k

Absorption rate of 0.3, with 3 months of inventory.

Coolest Segment ❄️
$550k – $600k

With 12 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$600k – $650k

0 active listings with 3 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 2 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
400k-425k 1 2 0.3 3 Balanced
450k-475k 1 1 0.2 0 Seller's
475k-500k 1 1 0.2 0 Seller's
500k-550k 1 1 0.2 0 Seller's
550k-600k 2 1 0.1 12 Buyer's
600k-650k 3 0.5 0 Seller's

Condos

Hottest Segment 🔥
$150k – $175k

Absorption rate of 1.2, with 0.9 months of inventory.

Coolest Segment ❄️
$275k – $300k

With 3 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$175k – $200k

2 active listings with 7 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.4 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
125k-150k 1 1 0.2 0 Seller's
150k-175k 1 7 1.2 0.9 Seller's
175k-200k 2 7 2 0.6 1.7 Seller's
200k-225k 6 1 1 0 Seller's
225k-250k 2 0.3 0 Seller's
250k-275k 5 0.8 0 Seller's
275k-300k 2 4 0.3 3 Balanced
300k-325k 3 0.5 0 Seller's
325k-350k 1 2 0.3 3 Balanced
350k-375k 2 0
375k-400k 1 0
500k-550k 1 0.2 0 Seller's

Land

Hottest Segment 🔥
$175k – $200k

Absorption rate of 0.

Most Active
$175k – $200k

1 active listings with 0 sold in the last 6 months.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
175k-200k 1 0
500k-550k 1 0