Is Forrest, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forrest is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Forrest was a Buyer's Market.

Key Takeaway

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

How much do homes in Forrest, IL cost?

Median Sold Price

$45,500

$41/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

-$104,500(-69.7%)

Key Takeaway

Homes in Forrest have sold for 69.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 -$51K
N/A
2 $150K-
N/A
3 --
N/A
4 -$40K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Forrest
-69.7%
Forrest Township
-69.7%

How many homes are available in Forrest, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
98-11.1%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 21
-50.0%
3 44
0.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forrest, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2022Jan 2023%
84 Days16 Days-81.0%

Breakdown of Home Sale Times

2 Homes Were 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 Forrest 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.

About Forrest, IL

Forrest, IL has 8 homes on the market. The number of homes for sale in Forrest, IL decreased by 11.1% between December 2022 and January 2023. While the average time on the market in January 2023 was 16 days, the median list price was $45,500. From January 2022 through January 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties increased by 0%, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 50%, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory did not change. Forrest, IL housing market in January 2023 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below.