Homes for Sale in Oak Forest

Just 24 miles south/southwest of downtown Chicago, Oak Forest, with its population of 28,000, is one of the fastest growing cities in the southwest. It is conveniently located less than half a mile from I-57 and is easily accessible by railway, expressways and downtown. It is also less than an hour from both Midway and O’Hare airports. As the city grows, the environment is such that businesses are encouraged to grow and prosper. The city’s Park District offers a full service Health and Fitness Center and 19 parks are located throughout the community. It is mostly surrounded by Cook County Forest Preserves. These extensive forest preserves provide walking, biking, and horse paths for recreational use. Oak Forest is also home to the George W. Dunne National Golf Course, which is known as one of the best public courses in the country. There is no doubt that Oak Forest will continue to develop rapidly since plans for the “Gateway Project,” a mixed-use commercial and residential development at the corner of Illinois Route 50 (Cicero Avenue) and 159th Street, were announced in 2007. The development will greatly enhance the tax base of the City and generate additional commercial interest in the Cicero Avenue Corridor. Oak Forest is truly a beautiful community that provides residents and business owners alike an opportunity to have easy access to both the excitement of the city or the relaxation of the country. Real estate options consist of single-family homes, condominiums, townhouses and land for custom building.

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Single-family homes start at just under $200,000 and range up to the mid-$400,000s. Condos and townhouses start in the mid $100,000s and range up to the mid-$300,000s. Lands and lots are available for custom design.

Are you interested in Oak Forest real estate? Feel free to view currently listed homes in Oak Forest Illinois. Browse through the market trends of Oak Forest real estate, including average home prices, property values, townhomes, condominiums, and other property types. You can even access foreclosures, bank owned properties, short sales and more real estate in Oak Forest Illinois.

Oak Forest IL Real Estate for the week of August 30th, 2010: homes priced around $196,940 compared to $196,572 the previous week, for a slight increase of less than +1%.  As of August 30th, 2010, the current number of listings in Oak Forest IL are 256 listings.  For Friday, September 3rd, the current national mortgage rate for a 30 year fixed mortgage is 4.34%; the 15 year fixed rate is at 3.86%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 5.48%, while the 15 year jumbo rate currently is at 5.02%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Oak Forest IL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures in Oak Forest, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes in Oak Forest, Oak Forest neighborhood information, crime stats, home values, and schools in Oak Forest to help you find the best home!