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Oak Brook, Illinois 60523

Oak Brook Real Estate Market


Oak Brook, Illinois Real Estate Buyer Rebates Search Oak Brook Single Family Homes For Sale
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Located centrally just 20 miles west of Chicago and with easy access to Interstates 88, 290, and 294, and home to some of the worlds most recognized brands such as McDonalds, Oak Brook is one Chicago's most desirable suburbs.  With just under 10,000 residents, Oak Brook is a home to many C level professionals in addition to hockey players, mobsters and physicians.  It is known for its large lots and for having the lowest property taxes in the county.  Residents pay no municipal taxes, so purchasing a $1mm home in Oak Brook would come with a tax bill of around $9,700 in annual property taxes versus Hinsdale where the annual property  taxes would be around $14,700 assuming the assessor placed a $1mm market value on the property.  Oak Brook is home to Oak Brook Mall that gets nearly 100k in visitors, EVERY DAY.

Oak Brook was incorporated into a Village in 1958 and today there are around 3,200 households in Oak Brook.Today’s buyers who want a gated community have several to choose from with top notch amenities such as tennis courts and swimming pools.  Although Oak Brook does not have a typically community feel due to its collection of disconnected subdivisions, there is a strong sense of community within each of the various subdivisions. Each Oak Brook neighborhood is its own community with an active homeowners' association and community events.

Oak Brook Housing Market

As of  January 1, 2014. there is a just over a one year supply of single family homes for sale in Oak Brook, Illinois which is almost a 1/3 less than where it was 5 years ago at this time.

oak brook illinois real estate market conditions

The time a home stays on the market in Oak Brook, Illinois is 193 days which is creeping up from its low in June but that is to be expected for this time of year.

Oakbrook 60521 Real Estate Market Trends

Oak Brook Neighborhoods

  • Briarwood Lakes
  • Brittwood Creek
  • Brook Forest
  • Chambord
  • Covington
  • Forest Gate
  • Forest Glen
  • Fullersburg Woods
  • Ginger Creek
  • Gingerbrook
  • Heritage Oaks
  • Hunter Trails
  • Merry Lane
  • Midwest Chase
  • Midwest Club
  • Oak Brook Club
  • Oak Brook Colony
  • Oak Brook Towers
  • Royal Hills Club
  • Saddle Brook
  • Steeple Chase
  • Timber Trails
  • Trinity Lakes, coveted for its attendance in Brook Forest
  • Woodside Estates
  • York Woods
  • Yorkshire Woods

Oak Brook Schools

Oak Brook Elementary Schools

Oak Brook has its own school district, District 53, which includes Brook Forest Elementary School (grades K-5) and Butler Junior High School (grades 6–8). Students that live within the district attend Hinsdale Central High School, district 86. However, some residents of the village are within other DuPage county school districts, attending schools in Elmhurst, Downers Grove or Villa Park.

Oak Brook Middle Schools

  • Butler Jr. High School Brook Forest Elementary School 
  • Elmhurst Community Unit School District No. 205
  • Hinsdale Community Consolidated School District No. 181
  • Downers Grove Elementary School District No. 58
  • Salt Creek School District No. 48

Private Schools

•    Sunshine Montessori of Oak Brook

Oak Brook High Schools

Oak Brook kids are split between Hinsdale Central (Hinsdale) High School District 86, Downers Grove North (Downers Grove), York Community (Elmhurst) and Willowbrook High School (Willowbrook).

Oak Brook Activities

  • Oak Brook Center shopping mall, which opened in 1962
  • Sports Core - “The Core” includes a golf course, driving range tennis courts, a swimming pool, wading pool, and widely known polo field.
  • Family Recreation Center - houses an aquatic center, fitness club, basketball courts and indoor running track,
  • Racquet Club - tennis and handball courts, saunas and whirlpools.
  • Mayslake Forest Preserve which includes:
      •  a 39-room mansion built by the Peabody family
      • 1852 Graue Mill and Museum, a National Historic Landmark

Oak Brook is built out, so the only new houses here are on tear down sites (75 in the last five years) or the occasional dividing of a large estate.  

According to the US Census Bureau, the median income for a household in the village of Oak Brook  was $146,537, and the median income for a family was $169,718.

Oak Brook is also the home of many corporate offices.  Below are the top ten employers in Oak Brook and the employee counts.

Employer Approx. Total Employees
Oak Brook Center Mall 3,150
McDonald's 3,000
Inland Real Estate 804
Ace Hardware 710
Crowe Horwath 512
Advocate Health Care 350
Follett 320
Lions Clubs Int'l 285
Oak Brook Marriott 271
Newell Rubbermaid 240

Midwest Club

Midwest Club is one of Oak Brooks most desirable area as it features a gated community containing about 220 homes all set on lots that are at least a half acre and some as much as an acre.

The Midwest Club was originally built in the 1980's and many homes have gone through gut rehabs or complete tear down.  As of early 2012, homes in the Midwest Club subdivision of Oak Brook were selling at steep discounts.

2011 and 2012 Midwest Club Home Sales

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