Forest Park, IL Foreclosures
Current Market Conditions in in Forest Park, IL As of February 2026?
Over the past month, Forest Park's real estate market has continued to show resilience amidst rising interest rates. While the number of new listings remains stable, the average home sale price has increased slightly, reflecting ongoing buyer demand. Homes are continuing to sell quickly as attractive properties become available, often within days of listing. The competitive atmosphere has led to some homes receiving multiple offers, indicating that the area remains a desirable location for potential homeowners. Overall, buyers are still showing significant interest in investing in this vibrant community, even with some economic uncertainty.
How much do homes sell for in Forest Park, IL?
The average home price is currently $337,755.
In Forest Park, IL, how many homes are available?
There are currently 21 active home listings available in Forest Park.
What’s the average rental cost in Forest Park, IL?
The average rental price in Forest Park is $1,568.
What is the most expensive home in Forest Park?
The most expensive home sold in Forest Park had a price of $16,543,609.
What is currently the cheapest priced home in Forest Park, IL?
The cheapest home for sale in Forest Park is priced at $49,298.
Living in Forest Park, IL
Forest Park, IL, is a charming suburb of Chicago known for its rich history, community vibe, and access to recreational amenities. With top-rated schools and a variety of parks, it’s an excellent choice for families. Convenient public transport provides quick access to the city, making it ideal for commuters.
Buyer vs Seller Market in Forest Park, IL
The current real estate market in Forest Park is competitive, with a steady demand for homes driven by its desirable location and quality of life. Homes are selling quickly, often receiving multiple offers, and the average days on market has decreased, indicating a strong buyer interest. Inventory levels are tighter than in previous years, leading to an upward trend in home prices as buyers compete for available properties.
In recent months, the market has seen a rise in both home values and interest rates, significantly affecting buyer purchasing power and overall market dynamics. Despite these pressures, the allure of Forest Park remains strong, with many buyers drawn to its community-centered lifestyle and convenient access to Chicago.
Home Value Estimator For Forest Park, IL
There are currently 5,505 real estate properties
in Forest Park, IL,
with a median automated valuation model (AVM) price
of $300,678.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Forest Park, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Forest Park, IL,
is $337,755.00, with the most expensive house
in Forest Park, IL, topping out
at $16,543,609.00 and the cheapest home
in Forest Park, IL,
clocking in at $49,298.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Forest Park, IL!
Rent Prices
In Forest Park, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Forest Park, IL, is on
a rollercoaster ride. The
average rent price in Forest Park, IL,
is $1,568.00. Indeed, when looking to rent in
Forest Park, IL, you can expect to pay as little
as $710.00 or as much
as $2,620.00,
with the average rent median estimated to
be $1,500.00. The good news is that finding
an affordable and desirable property to rent in Forest Park, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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