Park Forest, IL Home Values & Market Trends
Real estate market trends reflect that there have been 404 transactions over the past year in Park Forest. The median value for residential home transactions that occurred over the previous year is $161,951. The number of current listings in Park Forest is 445, and the percentage of properties for sale in the city is 445.00%. Park Forest, IL currently has 195 properties in foreclosure, 21 bank owned properties, 32 properties headed for auction, and 445 properties for sale.
Park Forest, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60466 | $ 161,951 $ 126/sqft |
Housing Market Summary for Park Forest, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $160K | $164.9K | 3.09% |
| Median Sold Price | $172.1K | $159.2K | -7.54% |
| Homes For Sale | 432 | 439 | 1.62% |
| Homes Sold | 104 | 97 | -6.73% |
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 $51,785 to $389,000. The median estimated value of a home in Park Forest is $161,951. The median list price of a home is 165,000, and the total count of properties in the city is 934.
- Pre-ForeclosurePre-foreclosure homes account for 15.20% of all residential properties in Park Forest, IL with 60466 containing 142 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 $339,324 in 60466 to the lowest home value of $62,504 in 60466.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Park Forest, IL ranges from the highest value of $180,000 in 60466 to the lowest value of $58,202 in 60466. Bank owned homes and properties account for 2.25% of properties in Park Forest, IL. There is 1 zips within Park Forest, IL; 60466 containing 21 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60466 has 32 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 3.43% 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 $198,149 in 60466 to the lowest value of $61,712 in 60466.
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Guide for Park Forest, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
