Altos Market Data for Realtors

River Forest, IL

Single-Family Homes

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River Forest, IL

Tue Sep 21 2021
This week the median list price for River Forest, IL is $825,000 with the market action index hovering around 29. This is less than last month's market action index of 35. Inventory has increased to 32. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

River Forest, IL

Tue Sep 21 2021
This week the median list price for River Forest, IL is $825,000 with the market action index hovering around 29. This is less than last month's market action index of 35. Inventory has increased to 32. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the River Forest market.
Median List Price $825,000
Median Price of New Listings $982,000
Per Square Foot $295
Average Days on Market 113
Median Days on Market 49
Price Decreased 50%
Price Increased 0%
Relisted 28%
Inventory 32
Median Rent $4,075
Market Action 29
Slight Buyer's Advantage

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
$1,422,500 4,475 0.25 - 0.5 acre 6 4 89 1 1 42
$954,500 3,426 0.25 - 0.5 acre 4 3 89 0 0 126
$730,000 2,363 8,000 - 10,000 sqft 4 2 96 0 0 77
$549,000 2,032 8,000 - 10,000 sqft 3 1 91 1 0 21