“I’m hearing different things about the housing market, but what’s actually happening here in Oak Lawn?”

If that thought’s crossed your mind recently, you’re not alone.

Maybe you’ve seen a few For Sale signs pop up on your block. Or maybe your neighbour's house sold faster or slower than expected. You’re trying to make sense of it all, especially with the year coming to a close.

Whether you’re thinking about selling in 2026 or just want to keep a pulse on your property value, it helps to understand how the market’s moving right now, not nationally, not even across Chicago, but right here in Oak Lawn.

And that’s exactly what you’ll walk away with.

📊 In this local update, you’ll learn:

• How new listings and closed sales have shifted compared to last year

• What rising or falling inventory means for your home’s value

• Whether now’s a seller-friendly time or a market in flux

Let’s break down the data and what it actually means for you as a homeowner.

If you own a detached home in Oak Lawn, here’s the headline: the market showed some subtle shifts in November, but nothing wild or alarming. Let’s break it down:

🔹 New Listings: Slight Uptick

There were 52 new listings in November 2025, up from 50 this time last year, a 4% increase.

Why it matters: This is a mild increase, suggesting that some homeowners are feeling confident enough to list. It’s not a flood of inventory, so competition isn’t sky-high yet, but it does mean buyers have a few more options than they did last year.

🔹 Closed Sales: Stronger than Last Year

38 homes closed in November 2025, compared to 31 last November, a 22.6% jump.

Why it matters: More homes are selling, even with a small rise in inventory. That’s a good sign. It means demand is still there, and homes are moving.

🔹 Inventory: Gently Rising

Inventory at the end of the month increased from 68 to 74 homes, a 8.8% bump.

Why it matters: While more inventory can mean more competition, this isn’t a surge. It’s a healthy signal that buyers have options without it tipping into an oversaturated market.

🔹 Prices: Still Climbing

• Median sales price rose to $352,500, up 8.5% from last November.

• Average sales price hit $358,466, up 7.9%.
  Why it matters: This is great news for homeowners. Even with slightly longer market times (41 days vs 36 last year), prices are trending up, which means equity growth is on your side.

✅ What This Means for You

If you’re thinking about selling in 2026, these numbers tell you the market’s still solid.

There’s slightly more competition, but buyers are still out there, and prices are still appreciating. If your home is priced right and presented well, there’s a real opportunity to sell confidently.

If you own a condo or townhome in Oak Lawn, the picture in November 2025 was a bit more mixed. Some indicators dipped, while others stayed steady or improved slightly. Here’s what stood out:

🔹 New Listings: Noticeable Jump

There were 30 new listings this November, up from 25 in 2024. That’s a 20% increase.

Why it matters: This is a solid jump in new inventory. It shows more condo/townhome owners are testing the market, but more choice for buyers could mean slightly more competition for sellers.

🔹 Closed Sales: Significant Drop

Only 15 homes closed in November, compared to 20 last year, a 25% drop.

Why it matters: That’s a sharper decline than what we saw with detached homes. Fewer sales could reflect either cooling buyer interest or seasonal timing. If you're planning to list soon, this stat suggests the market may be a little more sluggish in this segment.

🔹 Inventory: Holding Steady

Inventory stayed flat at 55 homes available at month-end, no change from last year.

Why it matters: With fewer homes selling and new listings going up, a flat inventory level suggests properties may be sitting longer or that some are being pulled from the market.

🔹 Prices: Slight Growth

• Median sales price rose modestly to $159,900, up 1.7%.

• Average sales price ticked up to $164,447, a 3.6% increase.
  Why it matters: Even with slower sales, prices aren’t dropping. This shows the market is stable — not booming, but not crashing either.

✅ What This Means for You

If you’re a condo or townhome owner, your property’s holding value, and in some cases, is gaining. But buyer activity was noticeably lower in November, so timing and pricing will be key if you plan to sell early in 2026. It’s not a bad time to list, just be ready for a potentially slower pace compared to earlier in the year.

Whether you own a detached home or a condo in Oak Lawn, here’s the key takeaway: the local market is still healthy, but it’s not moving at the same speed in every segment.

If You Own a Detached Home…

You’re in a strong position.

• More homes sold in November, even with a few more listings.

• Prices are rising steadily, which means your equity likely grew this year.

• The slight bump in inventory gives buyers more choice, but not so much that it hurts sellers.

Bottom line: If you're thinking of selling in early 2026, you’re likely to see solid demand — as long as your home is priced right and marketed well.

If You Own a Condo or Townhome…

Your property’s value is still holding — but the pace of sales has slowed.

• Fewer homes sold, despite a notable jump in new listings.

• Prices crept up, which is good news, but it may take longer to find the right buyer.

Bottom line: You can still sell, but don’t expect a bidding war. Working with an agent who knows how to position your home correctly will make all the difference.

The Oak Lawn market is steady and shifting, not surging, not slumping.

If you’re planning to make a move in 2026, now is the perfect time to understand your home's current value, get ahead of the spring market, and put together a plan.

The best decisions come from local insights, and you’ve just read the latest.