What happened to the median home price in Oakbrook Terrace during August 2021?

What happened to the median home price in Oakbrook Terrace during August 2021?
By DuPage Policy Journal

The median sale price of a home sold in August 2021 in Oakbrook Terrace rose by $53,000 while total sales increased by 100%, according to BlockShopper.com.

In August 2021, there were six homes sold, with a median sale price of $278,000 - a 23.6% increase over the $225,000 median sale price for the same period of the previous year. There were three homes sold in Oakbrook Terrace in August 2020.

The median sales tax in Oakbrook Terrace for the most recent year with available data, 2019, was $4,830, approximately 1.7% of the median home sale price for August 2021.

The following table compares Oakbrook Terrace to other DuPage County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Itasca188125%$302,500$303,750-0.4%
Carol Stream815839.7%$290,000$267,0008.6%
Lombard936836.8%$290,000$255,00013.7%
Bloomingdale623959%$288,750$315,000-8.3%
Bensenville141216.7%$279,000$242,00015.3%
Oakbrook Terrace63100%$278,000$225,00023.6%
Villa Park33330%$270,000$290,000-6.9%
Addison513450%$270,000$265,5001.7%
Willowbrook191172.7%$260,000$405,000-35.8%
Warrenville27270%$255,000$260,000-1.9%
Hanover Park362733.3%$232,500$225,0003.3%


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