Is Forest Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Park is a neutral's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Forest Park was a Seller's Market.

Key Takeaway

Forest Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Forest Park, IL cost?

Median Sold Price

$293,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$13,000(+4.6%)

Key Takeaway

Homes in Forest Park have sold for 4.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $116K$114.9K
-0.9%
2 $246.2K$245K
-0.5%
3 $335K$373.5K
+11.5%
4 $412K$430K
+4.4%
5+ $445K$435K
-2.2%

Median Sold Price Compared To Nearby Cities

North Riverside
+9.6%
Maywood
+9.3%
Forest Park
+4.6%
River Forest
-10.3%
River Forest Township
-10.3%

How many homes are available in Forest Park, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
118127+7.6%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 3531
-11.4%
2 2627
+3.8%
3 2430
+25.0%
4 2027
+35.0%
5+ 1312
-7.7%

Number of Homes Sold

Jun 2022Jul 2022%
3721-43.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Park, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
13 Days45 Days+247.3%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Forest Park are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

New

1106 Hannah Ave, Forest Park, IL 60130

1106 Hannah Ave, Forest Park, IL 60130

$339,900
1,100 SqFt
3 Bedrooms
~$1,650/mo.*1 Full Bath
Alexa Yen Dempsey#11490820
Listing Office:
Alexa RealtyMLS logo

New

7753 Van Buren St Unit 503, Forest Park, IL 60130

7753 Van Buren St Unit 503, Forest Park, IL 60130

$219,900
765 SqFt
1 Bedroom
~$1,050/mo.*1 Full Bath
Martha McDuffie#11490013
Listing Office:
Century 21 Affiliated - AuroraMLS logo

New

1503 Marengo Ave, Forest Park, IL 60130

1503 Marengo Ave, Forest Park, IL 60130

$240,000
1,035 SqFt
3 Bedrooms
~$1,150/mo.*1 Full Bath
Steve Jasinski#11489442
Listing Office:
Berkshire Hathaway HomeServices ChicagoMLS logo

New

7757 Van Buren St Unit 305, Forest Park, IL 60130

7757 Van Buren St Unit 305, Forest Park, IL 60130

$220,000
850 SqFt
1 Bedroom
~$1,050/mo.*1 Full Bath
Grace Reder-Donatello#11489424
Listing Office:
Urbis Realty Group LLCMLS logo

New

7521 Brown Ave Unit A, Forest Park, IL 60130

7521 Brown Ave Unit A, Forest Park, IL 60130

$374,900
2,080 SqFt
2 Bedrooms
~$1,800/mo.*2 Full Baths, 1 Partial
Angela Walker#11488406
Listing Office:
Angela Walker Homes Real Estate GroupMLS logo

New

626 Beloit Ave, Forest Park, IL 60130

626 Beloit Ave, Forest Park, IL 60130

$404,900
1,518 SqFt
3 Bedrooms
~$1,950/mo.*1 Full Bath, 1 Partial
Terrie Whittaker#11484807
Listing Office:
Redfin CorporationMLS logo

New

7428 Washington St Unit 306, Forest Park, IL 60130

7428 Washington St Unit 306, Forest Park, IL 60130

$138,900
800 SqFt
1 Bedroom
~$700/mo.*1 Full Bath
Gerardo Zavala#11487370
Listing Office:
Luna Realty GroupMLS logo

Backup Offers

7428 Washington St Unit 401, Forest Park, IL 60130

7428 Washington St Unit 401, Forest Park, IL 60130

$145,000
1,000 SqFt
2 Bedrooms
~$700/mo.*1 Full Bath
Shea Kiessling#11484621
Listing Office:
Coldwell Banker RealtyMLS logo
323 Burkhardt Ct, Forest Park, IL 60130

323 Burkhardt Ct, Forest Park, IL 60130

$269,900
 
5 Bedrooms
~$1,300/mo.*2 Baths
Anthony Rodriguez#11484350
Listing Office:
Coldwell Banker RealtyMLS logo

Backup Offers

7251 Randolph St Unit B2, Forest Park, IL 60130

7251 Randolph St Unit B2, Forest Park, IL 60130

$149,900
 
2 Bedrooms
~$750/mo.*1 Full Bath
Lauren Burjan#11483448
Listing Office:
@properties Christie's International Real EstateMLS logo
525 Thomas Ave, Forest Park, IL 60130

525 Thomas Ave, Forest Park, IL 60130

$500,000
1,596 SqFt
3 Bedrooms
~$2,450/mo.*2 Full Baths
Dorothy Gillian#11483452
Listing Office:
Berkshire Hathaway HomeServices ChicagoMLS logo
7757 Van Buren St Unit 507, Forest Park, IL 60130

7757 Van Buren St Unit 507, Forest Park, IL 60130

$294,999
 
2 Bedrooms
~$1,450/mo.*2 Full Baths
Lauren Burjan#11483434
Listing Office:
@properties Christie's International Real EstateMLS logo

About Forest Park, IL

There are 127 homes are for sale in Forest Park, IL real estate market. In July 2022 in Forest Park, IL there were 7.6% more homes for sale than in June 2022. Listings spent 45 days on the market in July 2022, and had a median list price of $293,000 during the same period. This housing market listing prices have changed between June 2022 and July 2022: the cost of 1 bedroom properties went down by 0.9%, 2 bedrooms properties prices decreased by 0.5%, the cost of 3 bedrooms properties went up by 11.5%, 4 bedrooms properties prices increased by 4.4%, prices of 5 bedrooms properties decreased by 2.2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 11.4%, 2 bedrooms homes became 3.8% more available, 3 bedrooms homes became 25% more available, 4 bedrooms homes inventory increased by 35%, the quantity of 5 bedrooms homes went down by 7.7%. While more than 6 listings in Forest Park, IL in July 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 13 were sold below.

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Based on information from Midwest Real Estate Data for the period 08/01/2020 - 08/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/13/2022, 3:15:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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