Why Live in Oakbrook Terrace
Oakbrook Terrace, a 1.8 square mile neighborhood, evolved from a 1950s farming village into a suburban community with a blend of residential and commercial spaces. Known for its strong sense of community, residents often return to raise their families here. The neighborhood is marked by the Oakbrook Terrace Tower and seven hotels, providing ample meeting spaces for businesses. Education is a highlight, with highly rated schools like Stella May Swartz Elementary, John E Albright Middle, and Willowbrook High School serving the area. For things to do, the Oakbrook Terrace Park District offers green spaces such as Heritage Park and Terrace View Park, connected by the William Cizek Walk/Bike Way. The Heritage Center and Mario Parente Theater host various community events, while Drury Lane Theater brings professional performances to the area. Dining options are plentiful with 40 restaurants, including Frankie's Deli, ANYWAY'S Pub, and Stan's Donuts and Coffee. Homes range from mid-20th century builds to newer constructions, featuring styles like brick ranches, Cape Cods, New Traditional, and Craftsman. Townhouses and mid-rise condos are also available. The area is safer than the national average and offers convenient transportation options, including nearby train stations and major highways. Oakbrook Terrace combines city amenities with lower taxes, making it a desirable place to live.
Home Trends in Oakbrook Terrace, IL
On average, homes in Oakbrook Terrace, IL sell after 43 days on the market compared to the national average of 50 days. The median sale price for homes in Oakbrook Terrace, IL over the last 12 months is $445,000, up 76% from the median home sale price over the previous 12 months.
Median Sale Price
$445,000
Median Single Family Sale Price
$445,000
Median Townhouse Sale Price
$720,000
Median 2 Bedroom Sale Price
$291,200
Average Price Per Sq Ft
$241
Number of Homes for Sale
2
Last 12 months Home Sales
13
Median List Price
$415,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
76%