Photo: Village of Oak Lawn · CC BY 2.0670 homes sold in Oak Lawn in the last year, at a typical $288K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Oak Lawn homes are listed.
Every place Oak Lawn homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Oak Lawn.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A third of Oak Lawn’s sales are condos, at $169K less than a house
414 houses and 237 condos sold in the year to May 2026. Houses draw more bidding wars.
typical sale · 414 sold in 12 months
- Per square foot
- $220IL $180
- Days to sell
- 57
- Sold over asking
- 40%
- Listings with a price cut
- 20%
typical sale · 237 sold in 12 months
- Per square foot
- $166IL $251
- Days to sell
- 59
- Sold over asking
- 30%
- Listings with a price cut
- 20%
Multi-family (2–4 units): 7 sold, typical $643K
Townhouses: 12 sold, typical $265K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.8 times the 2016 price
670 sales in the last year, against 1,149 in 2021 and a low of 687 in 2025. The typical sale went from $158K in 2016 to $288K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Oak Lawn
Check a listing against what Oak Lawn homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Oak Lawn are more common than before the pandemic, but 41% fewer homes come up for sale
We read every month of Oak Lawn’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 670 sales.
If you’re buying in Oak Lawn
- Shop in March. It brings about 103 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- Less room to haggle. Only 20% of listings cut their price, against 24% before the pandemic.
- Bid near asking. Buyers paid 99.2% of the list price on average; 36% paid over.
- You’ll usually have time. Only 41% of homes go under contract within two weeks; the typical one takes 58 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 115 a month), and the most competition: 35% close over asking. March and April offer nearly as much choice with fewer homes bid up (29%). February has the least competition (23%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Oak Lawn now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 36% | 21% | 45% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 41% | 31% | 55% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 20% | 24% | 28% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.2% | 97% | 99.7% | 99.2% |
| Days to sellMedian days from listing to contract | 58 | 66 | 13 | 49 |
178 homes for sale on a typical day
That’s 1.5 times the 2021 low (119), 41% fewer than in 2017–19 and well under 2012’s 414.
1 in 5 listings has cut its price
20% in the last year, against 24% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 54%, condos 71%
A house typically sold for $344K in the last year (414 sales), a condo for $175K (237).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Oak Lawn ranks 187th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Oak Lawn is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Oak Lawn home costs about $2,028 a month
Price: Oak Lawn’s typical sale, last 12 months. Property tax at Oak Lawn’s 2.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Oak Lawn is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 49.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $288K home, about $6,300 a year.
Taxes vs. neighborsSchools
The schools grade for Oak Lawn, from test results, graduation and how much students grow.
Schools in Oak LawnTypical commute
The average one-way trip to work for people who live in Oak Lawn.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Chicago Ridge sells for less a square foot
The busier markets within 25 miles of Oak Lawn, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Oak Lawn | 670 | $288K | $193 | 36% | 58 |
| Burbank | 263 | $316K | $215 | 39% | 59 |
| Evergreen Park | 194 | $313K | $221 | 48% | 59 |
| Alsip | 177 | $284K | $193 | 37% | 63 |
| Chicago Ridge | 156 | $225K | $181 | 31% | 66 |
| Worth Township | 130 | $285K | $189 | 39% | 58 |
| Hometown | 68 | $225K | $228 | 46% | 56 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Oak Lawn, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Oak Lawn. People who follow the town see it, and so do people comparing Oak Lawn with their own town. No commission, no listing fee.
Questions about buying a home in Oak Lawn
What do homes sell for in Oak Lawn, IL?
670 homes sold in the year to May 2026 at a typical $288K, $193 a square foot. Houses sold for about $344K, condos for about $175K.
Is Oak Lawn a buyer’s or seller’s market?
A seller’s market: 204 homes were for sale in May 2026 and 52 sold, about 3.9 months of supply. Buyers paid 99.2% of asking on average, and 20% of listings cut their price.
When is the best time to buy in Oak Lawn?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Oak Lawn?
About 2.2% of a home’s value a year. On a $288K home that’s near $6,300.
Where can I see homes for sale in Oak Lawn?
Zillow, Redfin, Realtor.com and Homes.com all carry Oak Lawn’s MLS listings; the search links above open each one filtered to Oak Lawn.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).