Oak Park is a village rich in history and natural beauty with the convenience and amenities of the Chicago Loop located just minutes away. The area is home to some 54,000 residents who take great pride in its attractive neighborhoods, wide array of housing styles, excellent transportation and award-winning schools. Many famous people have originated from Oak Park. Author Edgar Rice Burroughs; world-renowned architect Frank Lloyd Wright; McDonald's founder Ray Kroc; chemist Percy Julian, whose research led to the development of the drug Cortisone; and Ernest Hemingway, whose boyhood home was recently opened as a museum, were all Oak Park natives. The area is also famous for its unique architecture. Two national historic districts are located in the town boasting more than 300 noteworthy buildings. As a result, architectural bicycle tours have become a popular summer activity. The village brings visitors and residents together throughout the year with its community spirit and special events and attractions. A farmers' market features seasonal fruits and vegetables from a four-state area, and the “Day in Our Village" summer festival highlights a myriad of community organizations and features food and entertainment. Since 1984, Oak Park has been recognized as a "Tree City, U.S.A." The real estate market is as varied as the people who live there.
Real Estate Prices of Oak Park Homes for Sale, Condos, and Townhomes
Real Estate Market Overview:In addition to the Prairie School designs, Oak Park has an extensive collection of Victorian and historic homes. Currently, the average home listed on the market is around $375,00 compared in 2008, the average home price was $430,000. The market price for condominiums and townhouses has declined as well with prices starting under $100,000 for condos. New Townhomes located in the downtown of Oak Park are priced in the $500,000 for 3 bedroom townhomes, for properties built as early as 1915 with eleven rooms and spectacular city views. Single-family detached homes start around $200,000 and reach up to $1 million and more for estate properties with broad landscapes and panoramic views. Land and lots for custom development are strictly limited
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