What are New Home Prices in Oak Forest?

Filed in Oak Forest Sales & Price Trends by on May 18, 2016

Oak Forest New Home Prices-1st Q 2016

Sales of Oak Forest homes this past quarter totaled 76 homes, and almost a fourth of these were new homes.
The table below gives a summary of these new homes sales. Resale homes will be covered in a future post.

Oak Forest New Construction 1st Q 2016   
# Sold$ RangeSize-SFLot-SF$/SFDOM** LP/SP***
Avg. $801K
3153-4480 SF
Avg. 3745 SF
6900-7800 SF
Avg. 7400 SF
Avg. $209/SF
**DOM=Days on Market
Meaningless for new homes
***LP/SP = ratio of list price to sales price

The data above isn’t a whole lot different than the New Home Prices at the end of 2104.

The subdivision lots cannot be subdivided, so new homes are built big for the big lots. There are currently 54 big new homes on the market and 16 of these are pending, so sales are still good.

There are a couple of projects near Oak Forest with smaller homes on smaller lots. See my page on this neighborhood for an MLS Search function.

The two homes below show typical homes being built in the neighborhood.

If you are not familiar with the area see my pages below:

Oak Forest new home by M ST Homes

Oak Forest new home by M ST Homes

Oak Forest new home by SRS Construction

Oak Forest new home by SRS Construction

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