Altos Market Data for Realtors

Forest Park, IL

Single-Family Homes

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Forest Park, IL

Tue Sep 21 2021
This week the median list price for Forest Park, IL is $327,500 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 20. Click here to stay informed with the Forest Park 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Forest Park, IL

Tue Sep 21 2021
This week the median list price for Forest Park, IL is $327,500 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 20. Click here to stay informed with the Forest Park 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Forest Park market.
Median List Price $327,500
Median Price of New Listings $297,000
Per Square Foot $224
Average Days on Market 68
Median Days on Market 70
Price Decreased 50%
Price Increased 0%
Relisted 20%
Inventory 20
Median Rent $1,150
Market Action 38
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$599,999 2,030 0 - 4,500 sqft 4 3 108 0 0 98
$375,000 1,872 8,000 - 10,000 sqft 4 2 95 0 0 84
$310,000 1,866 0 - 4,500 sqft 3 2 98 2 0 14
$270,000 1,094 0 - 4,500 sqft 3 1 97 2 1 21