Altos Market Data for Realtors

River Forest, IL

Single-Family Homes

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River Forest, IL

Sat Sep 30 2023
This week the median list price for River Forest, IL is $819,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has decreased to 11. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

River Forest, IL

Sat Sep 30 2023
This week the median list price for River Forest, IL is $819,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has decreased to 11. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the River Forest market.
Median List Price $819,000
Median Price of New Listings $0
Per Square Foot $289
Average Days on Market 149
Median Days on Market 84
Price Decreased 45%
Price Increased 0%
Relisted 18%
Inventory 11
Median Rent
Market Action 40
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,787,500 5,938 0.5 - 1 acre 5 4 110 0 0 213
$1,200,000 4,147 0.25 - 0.5 acre 4 3 98 0 1 63
$799,000 2,660 8,000 - 10,000 sqft 4 2.5 102 0 0 84
$475,000 1,910 8,000 - 10,000 sqft 3 2 100 0 1 315