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Featured local agent — Forest Park, IL
Sarah Mitchell
Compass Real Estate · Forest Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Forest Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$381,000median sale price
How is the Forest Park, IL housing market right now?
The median home sale price in Forest Park, IL is $381,000, up 21.7% year-over-year. Homes sell in an average of 40 days with 59 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Forest Park a buyer's or seller's market?
Forest Park, IL is currently a seller's market, based on 3.0 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
40
Average pace
Active listings
59
3.0 months supply
Sale-to-list
103.1%
Above asking
What does the Forest Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $381,000 |
| Median list price | $400,000 |
| Year-over-year price change | +21.7% |
| Average days on market | 40 days |
| Active inventory | 59 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 103.1% |
| Median price per sq ft | $256/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 30 |
| Listings with a price cut | 17.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Forest Park by property type?
How the Forest Park, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $470,000 | $314/sq ft | 7 | 24 days |
| Condo / Co-op | $172,500 | $228/sq ft | 9 | 40 days |
| Townhouse | $440,000 | $230/sq ft | 3 | 39 days |
Source: Redfin · Updated monthly
The Forest Park housing market is currently classified as a seller's market with a median sale price of $381,000. Prices have risen 21.7% compared to last year, with homes spending an average of 40 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Forest Park
There are currently 59 homes listed for sale in Forest Park, Illinois. The median listing price is $400K.
Active listings
59
Homes on market
Median list price
$400K
Avg. days on market
40
Days until sale
New this week
30
Newly listed
Who lives in Forest Park?
Population
14,000
Median income
$81,323/yr
Median age
40 years
Owner-occupied
53.6%
College grads
49.8%
Avg commute
29.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Forest Park?
Zillow home value
$284,770
Zillow rent index
$1,529/mo
Price-to-rent ratio
15.5x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Forest Park?
Forest Park is a community of approximately 14K residents with a median age of 40 years.The median household income is $81,323, which reflects a relatively affluent area with strong earning potential. 49.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 53.6%, showing a blend of owner and renter-occupied properties. The average commute time is 29.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Forest Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Forest Park?
5 schools tracked · 1,634 students
The largest public schools serving Forest Park, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Proviso Math and Science Academy
Grades 9-12 · 921 students
Field Stevenson Elem School
Grades 3-5 · 201 students
Garfield Elem School
Grades PK-2 · 192 students
Forest Park Middle School
Grades 6-8 · 184 students
Betsy Ross Elem School
Grades K-2 · 136 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Forest Park, IL?
Want a head-to-head view? Compare Forest Park side-by-side with any other U.S. city using our market-comparison tool.
Is Forest Park a good real estate investment market?
For investors evaluating Forest Park, the price-to-rent ratio of 15.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 21.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Forest Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Forest Park's median home price.
Frequently asked questions
What is the average home price in Forest Park?
The median home sale price in Forest Park is $381,000, up 21.7% from last year.
How long do homes stay on market in Forest Park?
Homes typically spend 40 days on market before going under contract.
What is the median income in Forest Park?
The median household income is $81,323 per year.
Is Forest Park a buyer's or seller's market?
With 3.0 months of supply, Forest Park is currently a seller's market.
What is the Zillow home value estimate for Forest Park?
The Zillow Home Value Index (ZHVI) for Forest Park is $284,770, representing the typical home value in the area.
What is the median condo price in Forest Park?
The median condo/co-op sale price in Forest Park, IL is $172,500, compared to $470,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Forest Park?
The median single-family home price in Forest Park, IL is $470,000 (about $314 per square foot).
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