Comprehensive market data and analysis• Updated Dec 2025
18.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 5 | 7 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 5 | 7 |
Acreage buckets
The median price for land in Oak Forest, Illinois is currently $376K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $64K while premium lots reached $75K.
Oak Forest, Illinois is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Oak Forest, Illinois currently has 18.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 12 active listings in Oak Forest, Illinois. The median asking price is $80K.
The 3-month absorption rate in Oak Forest, Illinois is 5.6%. The 12-month rate is 5.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Oak Forest, Illinois saw 8 properties sold, totaling $558K in sales volume. In just the last 3 months, 2 properties changed hands.
The current absorption rate in Oak Forest, Illinois is 5.6% (3-month basis), indicating slow demand. The top-performing broker in this market is Baird & Warner.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.