Is Forest Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Forest Park has remained a Seller's Market.
Housing Prices in Forest Park, IL
How much do homes in Forest Park, IL cost?
Median Sold Price
$291,600
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest Park was $291,600 in April 2024, up 2.3% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.5K | $127.9K | +9.8% |
2 Bedrooms | $231.2K | $194.5K | -15.9% |
3 Bedrooms | $370K | $367.5K | -0.7% |
4 Bedrooms | $460K | $477K | +3.7% |
5+ Bedrooms | $425K | $479K | +12.7% |
Summary: Forest Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
North Riverside | $300.5K | $329.2K | +9.6% |
Forest Park | $285K | $291.6K | +2.3% |
Maywood | $240K | $245K | +2.1% |
River Forest Township | $503K | $497K | -1.2% |
River Forest | $503K | $497K | -1.2% |
Housing Supply in Forest Park, IL
How many homes are available in Forest Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 80 | +17.6% |
Summary: The Forest Park real estate market had 80 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 11 | +83.3% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Forest Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Forest Park in April 2024, the same as the previous month. Of the 19 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Forest Park, IL
How long does it take to sell a home in Forest Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 9 Days | -68.2% |
Summary: Homes in Forest Park had an average of 9 days on market in Apr 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Forest Park; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.