Real estate prices in the near west Chicago suburbs have been on an uptick since the pandemic, and interest rates have kept many home sellers on the sidelines, restraining the inventory of available homes for buyers.
In spite of the bitterly cold weather and the reduction in inventory, there are still signs of life in the local market.
According to real estate lore, the spring market begins in earnest following the Super Bowl. We aren’t quite at Super Bowl Sunday on the calendar, but with the Bears out of contention, there’s no harm in seeing what’s on the market right now.
According to data from Redfin, the median price of housing, both single-family and multi-family, in Oak Park was $395,000 last month. There are currently 8 houses on the market listed between $325,000 and $425,000 in the village.
At $345,000 1165 S. Humphrey Ave. offers a two-unit opportunity. Each unit has two bedrooms and one bathroom, with the first-floor unit also including a basement with another full bathroom. The units share a yard. The home is bank-owned, meaning it is in the foreclosure process. Taxes in 2023 were $11,410.
In River Forest, fewer homes hit the market, skewing monthly median sales prices, but median price points are higher at $600,000-$700,000. River Forest currently has 6 units on the market listed between $325,000 and $425,000. All of them are units in multi-family buildings.
Listed at $349,900, 414 Franklin, unit 3A is a three-bedroom, two-bathroom condo with 1,500 square feet of living space. The two-level unit has a second-floor balcony and stainless-steel appliances. In 2024, property taxes on the unit were $6,750.
In Forest Park, December 2025 median home prices were at $351,000 according to Redfin. There are currently 6 properties for sale in the $325,000 to $425,000 price range in the village.
At 7753 Van Buren, unit 401 is currently listed for sale for $349,900. The two-bedroom unit at the Grove is on the fourth floor. The kitchen has granite countertops, and there are two heated garage parking spaces. In 2023 property taxes for the 1,160 square foot home were $8,137.
According to Redfin, the median sales price of a home in Chicago’s Austin neighborhood last month was $363,000. There are currently 28 homes listed in the neighborhood at price points between $325,000 and $425,000.
A four-bedroom, two-bathroom home at 1120 N. Lockwood is currently listed at $349,900. The single-family home has a fireplace and an updated kitchen and measures roughly 4,400 square feet. The 2023 property taxes on the home were $2,538.
