Oak Park Housing Market Report – May 2026
Here's a look at how the Oak Park, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 14
- Median Sale Price: $1,149,500
- Average Sale Price: $1,221,993
- Average Price Per Sq Ft: $569
- Average Days on Market: 60
- Sale-to-List Price Ratio: 97.3%
Month-Over-Month Trends
Compared to April, the median sale price in Oak Park moved 7.9% down (from $1,247,500 to $1,149,500). The number of homes sold was 22.2% down compared to the prior month (18 vs. 14). Average days on market shifted 5.3% up (57 days to 60 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 4.5% up (from $1,100,000 to $1,149,500). Sales volume is 26.3% down year-over-year.
What This Means
Oak Park's real estate market is showing mixed signals as we head into summer. While the median sale price of $1,149,500 represents solid year-over-year growth of 4.5%, the month-over-month decline of 7.9% suggests some softening momentum. The uptick in days on market from 57 to 60 days reinforces this trend, indicating homes aren't moving quite as quickly as they were in April. This slowdown is likely seasonal—late spring traditionally brings inventory to market, increasing buyer choice and extending selling timelines. The sale-to-list ratio of 97.3% shows sellers aren't forced to make major concessions, but it's a notch below the aggressive bidding wars we saw in prior years.
The pipeline looks healthy despite recent cooling. With 63 active listings on the market, buyers have genuine options, though the median asking price of $895,000 sits notably below what homes are actually selling for. This gap suggests listed properties may be underpriced initially, creating early bidding activity. Single-family homes dominate sales, accounting for 11 of 14 closed deals, which aligns with traditional buyer preferences. Overall, Oak Park remains a stable market without signs of distress, but it's decidedly a buyer's market compared to the last few years. Expect continued price moderation if this inventory level persists.
Oak Park Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91377 | 14 | $1,149,500 | $569 | 60 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 11 | $1,250,000 | $591 |
| TOWNHOMES | 3 | $789,000 | $488 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 1 |
| $750K+ | 13 |
Current Active Listings
As of this report, there are 63 active listings in Oak Park with a median asking price of $895,000 and an average of 51 days on market.
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