Altos Market Data for Realtors

River Forest, IL

Single-Family Homes

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River Forest, IL

Tue May 28 2024
This week the median list price for River Forest, IL is $739,900 with the market action index hovering around 58. This is an increase over last month's market action index of 53. Inventory has increased to 7. Click here to stay informed with the River Forest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

River Forest, IL

Tue May 28 2024
This week the median list price for River Forest, IL is $739,900 with the market action index hovering around 58. This is an increase over last month's market action index of 53. Inventory has increased to 7. Click here to stay informed with the River Forest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the River Forest market.
Median List Price $739,900
Median Price of New Listings $650,000
Per Square Foot $291
Average Days on Market 40
Median Days on Market 35
Price Decreased 43%
Price Increased 0%
Relisted 14%
Inventory 7
Median Rent
Market Action 58
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,800,000 4,032 - 5 5.5 135 0 0 147
$1,662,000 5,004 0.25 - 0.5 acre 4 5 58 0 0 38
$719,950 2,530 8,000 - 10,000 sqft 3 2.5 111 1 2 3
$407,500 1,622 8,000 - 10,000 sqft 3 1.5 103 1 0 24