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Cheap Homes in Forest Park, IL

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Forest Park, IL Foreclosures

How much do homes sell for in Forest Park, IL?
The average home price is currently $340,821.
In Forest Park, IL, how many homes are available?
There are currently 689 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 $16,780,811.
What is currently the cheapest priced home in Forest Park, IL?
The cheapest home for sale in Forest Park is priced at $51,273.

Living in Forest Park, IL

Forest Park, Illinois, is a charming suburban community with a rich history and a strong sense of community. Located just a short train ride from downtown Chicago, it offers a blend of historic homes and modern amenities. With its beautiful parks, recreational activities, and vibrant local businesses, Forest Park is an ideal place for families and professionals alike.

Current Market Conditions in Forest Park, IL

The real estate market in Forest Park has remained competitive, with a steady increase in home prices over the past few years. The demand for homes continues to rise, driven by the area's appealing amenities and proximity to Chicago.

Currently, homes in Forest Park are selling quickly, and the inventory remains low, signaling a seller's market. With interest rates fluctuating, potential buyers are encouraged to act fast when they find a property that meets their needs.

Home Value Estimator For Forest Park, IL

There are currently 5,493 real estate properties in Forest Park, IL, with a median automated valuation model (AVM) price of $308,495.00. 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 $340,821.00, with the most expensive house in Forest Park, IL, topping out at $16,780,811.00 and the cheapest home in Forest Park, IL, clocking in at $51,273.00. 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.

Cheap Homes in Forest Park, IL

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