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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest View is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Forest View has remained a Seller's Market.

Key Takeaway

Forest View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Forest View, IL

How much do homes in Forest View, IL cost?

Median Sold Price

$270,000

$245/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$95,000(-26.0%)

Key Takeaway

Homes in Forest View have sold for 26% less than they did a month ago.

Summary: The median home sold price in Forest View was $270,000 in June 2024, down 26% from last month, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 --
N/A
3 $365K$270K
-26.0%
4 --
N/A
5+ --
N/A

Summary: Forest View housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Forest View, IL

How many homes are available in Forest View, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
32-33.3%

Summary: The Forest View real estate market had 2 homes for sale in June 2024, a 33.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Forest View housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest View, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Forest View in June 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Forest View, IL

How long does it take to sell a home in Forest View, IL?

Average Sale Time

May 2024Jun 2024CHANGE
23 Days5 Days-78.3%

Summary: Homes in Forest View had an average of 5 days on market in Jun 2024, down by 78.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 1 homes were sold in Forest View; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in Forest View, IL

Nearby Markets to Forest View, IL

What housing markets are near Forest View, IL?