Altos Market Data for Realtors

River Forest, IL

Single-Family Homes

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River Forest, IL

Tue May 30 2023
This week the median list price for River Forest, IL is $724,900 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has decreased to 9. 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

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 30 2023
This week the median list price for River Forest, IL is $724,900 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has decreased to 9. 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

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 $724,900
Median Price of New Listings $649,999
Per Square Foot $312
Average Days on Market 172
Median Days on Market 196
Price Decreased 67%
Price Increased 0%
Relisted 44%
Inventory 9
Median Rent
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$1,737,500 6,094 0.5 - 1 acre 6 4.8 81 0 0 189
$1,424,000 4,815 0.25 - 0.5 acre 4 4.8 67 0 1 126
$687,449 1,867 N/A 4 1.8 112 1 1 157
$505,000 1,910 8,000 - 10,000 sqft 3 2 100 0 1 196