Oak Park, MI 48237 Real Estate & Property Data

Oak Park, MI 48237 Real Estate Market Trends
Last Updated: April 28, 2024

A total of 482 residential properties have been sold over the past 12 months in 48237. With a median sales price of $202,450 in 48237 and a total of 6 foreclosures in Oak Park, MI 48237. Discover market trends and get the granular level real estate data for Oak Park, MI 48237 to keep your pulse on the housing market. Curate compelling home reports for Oak Park, MI 48237 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Oak Park, MI 48237 Real Estate Market Trends
Total Residential Properties 9,795
Total Commercial Properties 391
Avg. Home Age (Single Family Home) 70 Years
Avg. Square Feet (Single Family Home) 1,290
Total 2024 Residential Sales (year-to-date) 60
% of Homes Seriously Underwater (Q2 2024) 1.04%
Total 2023 Residential Sales 457
% of Equity Rich Homes (Q2 2024) 40.87%
Effective 2023 Property Tax 1.17%
Total Foreclosure Filings (year-to-date) 8
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Oak Park, MI 48237 Real Estate Overview

There were 482 residential properties sold in the past year in Oak Park, MI 48237. The median home value in Oak Park, MI 48237 is $227,122. There are a total of 9,795 residential properties in the 48237.

Median Sales Price i
$202,450
(Feb 2024)
+1.2%
year-over-year
y-o-y
  • February '24 Feb '24 $202,450
  • January '24 Jan '24 $167,500
  • December '23 Dec '23 $215,000
  • November '23 Nov '23 $215,000
  • October '23 Oct '23 $231,500
  • September '23 Sep '23 $224,500
  • August '23 Aug '23 $244,000
  • July '23 Jul '23 $232,500
  • June '23 Jun '23 $240,000
  • May '23 May '23 $215,500
  • April '23 Apr '23 $237,500
  • March '23 Mar '23 $202,450
Median Down Payment i
$11,750
(Feb 2024)
-34.9%
year-over-year
y-o-y
  • February '24 Feb '24 $11,750
  • January '24 Jan '24 $12,150
  • December '23 Dec '23 $28,600
  • November '23 Nov '23 $26,539
  • October '23 Oct '23 $10,150
  • September '23 Sep '23 $25,275
  • August '23 Aug '23 $19,981
  • July '23 Jul '23 $25,500
  • June '23 Jun '23 $20,600
  • May '23 May '23 $10,000
  • April '23 Apr '23 $20,940
  • March '23 Mar '23 $22,200
Number of Homes Sold i
33
(Feb 2024)
-10.8%
year-over-year
y-o-y
  • February '24 Feb '24 33
  • January '24 Jan '24 27
  • December '23 Dec '23 38
  • November '23 Nov '23 31
  • October '23 Oct '23 37
  • September '23 Sep '23 40
  • August '23 Aug '23 38
  • July '23 Jul '23 50
  • June '23 Jun '23 43
  • May '23 May '23 28
  • April '23 Apr '23 37
  • March '23 Mar '23 43
Number of Purchase Loans i
14
(Feb 2024)
-26.3%
year-over-year
y-o-y
  • February '24 Feb '24 14
  • January '24 Jan '24 24
  • December '23 Dec '23 27
  • November '23 Nov '23 23
  • October '23 Oct '23 28
  • September '23 Sep '23 20
  • August '23 Aug '23 29
  • July '23 Jul '23 32
  • June '23 Jun '23 30
  • May '23 May '23 24
  • April '23 Apr '23 26
  • March '23 Mar '23 35
Number of REFI Loans i
34
(Feb 2024)
+112.5%
year-over-year
y-o-y
  • February '24 Feb '24 34
  • January '24 Jan '24 14
  • December '23 Dec '23 27
  • November '23 Nov '23 27
  • October '23 Oct '23 24
  • September '23 Sep '23 21
  • August '23 Aug '23 27
  • July '23 Jul '23 28
  • June '23 Jun '23 27
  • May '23 May '23 24
  • April '23 Apr '23 16
  • March '23 Mar '23 16
Number of HELOC Loans i
4
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 8
  • December '23 Dec '23 4
  • November '23 Nov '23 4
  • October '23 Oct '23 9
  • September '23 Sep '23 6
  • August '23 Aug '23 13
  • July '23 Jul '23 4
  • June '23 Jun '23 7
  • May '23 May '23 12
  • April '23 Apr '23 7
  • March '23 Mar '23 8

Oak Park, MI 48237 Foreclosure Activity

There were a total of 6 Oak Park, MI 48237 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
6
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 6
  • January '24 Jan '24 2
  • December '23 Dec '23 7
  • November '23 Nov '23 4
  • October '23 Oct '23 6
  • September '23 Sep '23 3
  • August '23 Aug '23 3
  • July '23 Jul '23 5
  • June '23 Jun '23 4
  • May '23 May '23 2
  • April '23 Apr '23 2
  • March '23 Mar '23 6
Foreclosure Starts i
6
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 6
  • January '24 Jan '24 2
  • December '23 Dec '23 7
  • November '23 Nov '23 4
  • October '23 Oct '23 6
  • September '23 Sep '23 3
  • August '23 Aug '23 3
  • July '23 Jul '23 5
  • June '23 Jun '23 4
  • May '23 May '23 2
  • April '23 Apr '23 2
  • March '23 Mar '23 6
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 1
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 1
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