Oak Brook Real Estate

Get Cash at Closing When Purchasing in Oak Brook, IL

The Village of Oak Brook was founded in 1959, a mere 50 years ago in an effort led by landowner Paul Butler. It is an affluent Chicago suburb of approximately 2,000 residents located between Elmhurst and Hinsdale.

While small, Oak Brook is the headquarters to many major corporations such as McDonalds, Ace Hardware, Federal Signal, and Inland Real Estate. The centralized location along the I-88 corridor makes Oak Brook an ideal place for businesses and for residents commuting to Chicago.

Real estate in Oak Brook is limited in quantity and not surprisingly high in price especially for single-family homes. Many of the single-family homes in the area are larger, contemporary homes on beautiful wooded lots.

There are many shopping, dining and entertainment establishments in Oak Brook especially on 22nd Street which runs parallel to I-88. The entire commercial district in the area is anchored by Oak Brook Center Mall with its many fine stores and boutiques.

As can be seen in the table below, median home prices in Oak Brook are currently in excess of $1 million for a single-family home and in the $350,000 range for a condominium. Median home prices for single-family homes in Oak Brook are highly variable due to the relatively low number of transactions.

Median Home Prices in Oak Brook, IL

Neighborhood	Property Type	Year	Q1	Q2	Q3	Q4
Oak Brook	Condos and Townhomes	2008	$407,500	$396,500	$383,500	$332,500
Oak Brook	Condos and Townhomes	2009	$275,000	$410,000	$340,000	$351,500
Oak Brook	Condos and Townhomes	2010	$243,000	$225,000	$317,000	$262,500
Oak Brook	Condos and Townhomes	2011	$250,000
Oak Brook	Single Family Homes	2008	$500,000	$750,000	$820,000	$1,298,000
Oak Brook	Single Family Homes	2009	$705,000	$1,393,000	$1,060,000	$692,500
Oak Brook	Single Family Homes	2010	$842,500	$838,750	$909,500	$670,000
Oak Brook	Single Family Homes	2011	$719,750

Source: Chicago Association of Realtors; data deemed accurate but not guaranteed.

If you are looking to purchase real estate in Oak Brook you may be able to receive $1,000s in cash at closing with our Buyer Rebate Plan. Call us today at 312-282-7349.