Oak Forest New Home Prices

Filed in Oak Forest Sales & Price Trends by on January 19, 2015

Oak Forest New Home Prices -4th Q 2014

My previous post gave 4th Quarter prices of Oak Forest homes…current prices of these  1940’s and 1950’s homes, excluding newer homes.
This post covers the much bigger new homes being built in Oak Forest. These new homes are much bigger and much more expensive than the original homes.
Of the 89 total homes sold in Oak Forest in the 4th Q 2014, 24 were new construction. This number keeps climbing every year. It is much higher than nearby Garden Oaks. Check price ranges in the table below, then go to previous post for prices on the little cottages and ranch style homes in the area.

New Construction Homes-Oak Forest

Oak Forest New Construction 4th Q 2014    
Description$ RangeSize-SFLot-SF$/SFDOM** LP/SP***
Avg. $817K
2300-4600 SF
Avg. 3754 SF
7100-8400 SF
Avg. 7800 SF
Avg. $218/SF
**DOM=Days on Market
Meaningless for new homes
***LP/SP = ratio of list price to sales price

Want to Learn More about Oak Forest & neighboring Garden Oaks? See the following pages:

Oak Forest New Home Example

Oak Forest New Home Example

Oak Forest new home

New Homes in Oak Forest are much larger than original ones


Comments are closed.