Housing in Oak Lawn, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$259,500
Median List Price
$289,950
Price Per Sq Ft
$180
Days on Market
66
Active Inventory
154
Months of Supply
4.4
Balanced market
Zillow Home Value
$274,047
ZHVI — January 2026
Zillow Rent Index
$1,757
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
31.4%
Off Market in 2 Weeks
32.6%
Sale-to-List Ratio
99.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
35
New Listings
62
Pending Sales
49
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$180
Median List $/SF
$209
Oak Lawn vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Oak Lawn is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$267,900
Median Rent
$1,310
Total Housing Units
23,115
Vacancy Rate
5.9%
Owner Occupied
82.5%
Renter Occupied
17.5%
Median Property Tax
$6,101
per year
Monthly Cost (w/ Mortgage)
$1,409
Housing Types
The current median sale price in Oak Lawn, IL is $259,500 according to Redfin data. Homes spend a median of 66 days on the market. 31.4% of homes sold above asking price. The market has 4.4 months of supply. The median price per square foot is $180. Zillow's observed rent index is $1,757/month. About 82.5% of housing units are owner-occupied. The median year homes were built is 1967. There are 23,115 total housing units.