Park Forest, IL
Housing market overview · Updated weekly
$129,027median sale price
Homes sold
14
Last 12 weeks
Days on market
165
Average pace
Active listings
131
9.4 months supply
Sale-to-list
98.2%
Below asking
The Park Forest housing market is currently classified as a buyer's market with a median sale price of $129,027. Prices have fallen 28.3% compared to last year, with homes spending an average of 165 days on market, indicating 9.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Park Forest
There are currently 131 homes listed for sale in Park Forest, Illinois. The median listing price is $155K.
Active listings
131
Homes on market
Median list price
$155K
Avg. days on market
165
Days until sale
New this week
39
Newly listed
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Frequently asked questions
What is the average home price in Park Forest?
The median home sale price in Park Forest is $129,027, down 28.3% from last year.
How long do homes stay on market in Park Forest?
Homes typically spend 165 days on market before going under contract.
Is Park Forest a buyer's or seller's market?
With 9.4 months of supply, Park Forest is currently a buyer's market.
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