Altos Market Data for Realtors

Park Forest, IL

Single-Family Homes

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Park Forest, IL

Tue Sep 21 2021
This week the median list price for Park Forest, IL is $110,550 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has decreased to 58. Click here to stay informed with the Park Forest market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Park Forest, IL

Tue Sep 21 2021
This week the median list price for Park Forest, IL is $110,550 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has decreased to 58. Click here to stay informed with the Park Forest market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Park Forest market.
Median List Price $110,550
Median Price of New Listings $129,950
Per Square Foot $87
Average Days on Market 162
Median Days on Market 63
Price Decreased 16%
Price Increased 0%
Relisted 9%
Inventory 58
Median Rent $1,750
Market Action 56
Strong Seller's Market

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$154,450 1,400 6,500 - 8,000 sqft 3 1 65 5 7 17
$115,225 1,417 8,000 - 10,000 sqft 3 1 65 1 5 241
$110,500 1,092 8,000 - 10,000 sqft 3 1 66 1 0 392
$75,900 974 6,500 - 8,000 sqft 2 1 69 3 4 42