Park Forest, IL Home Values & Market Trends
Real estate market trends reflect that there have been 475 transactions over the past year in Park Forest. The median value for residential home transactions that occurred over the previous year is $149,076.27. The number of current listings in Park Forest is 20, and the percentage of properties for sale in the city is 20.00%. Park Forest, IL currently has 122 properties in foreclosure, 20 bank owned properties, 11 properties headed for auction, and 20 properties for sale.
Park Forest, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60466 | $ 124,577 $ 108/sqft |
Housing Market Summary for Park Forest, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $149.9K | $131.6K | -12.23% |
| Median Sold Price | $137.6K | $131.6K | -4.36% |
| Homes For Sale | 26 | 20 | -23.08% |
| Homes Sold | 204 | 224 | 9.80% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Park Forest, IL
Browse Homes in Park Forest, IL
Park Forest home values range from $18,108 to $710,603. The median estimated value of a home in Park Forest is $149,076.27. The median list price of a home is 146,950, and the total count of properties in the city is 5,978.
- Pre-ForeclosurePre-foreclosure homes account for 1.52% of all residential properties in Park Forest, IL with 60466 containing 91 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Park Forest, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $398,644 in 60466 to the lowest home value of $65,755 in 60466.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Park Forest, IL ranges from the highest value of $189,477 in 60466 to the lowest value of $45,000 in 60466. Bank owned homes and properties account for 0.33% of properties in Park Forest, IL. There is 1 zips within Park Forest, IL; 60466 containing 20 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60466 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Park Forest, IL. Auction homes and other auction properties account for 0.18% of all properties in Park Forest, IL. There is 1 zips within Park Forest, IL; of that zips, the median estimated home value for homes going to auction ranges from $243,569 in 60466 to the lowest value of $88,225 in 60466.
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