foreclosure.com

Foreclosures in Park Forest, IL 60466

Search within map
Price
Listing Type Up arrow
Property Type Up arrow
Displaying 1 - 10 of 24

Park Forest, IL Foreclosures

Current Market Conditions in in Park Forest, IL As of March 2026?
Over the last month, the housing market in Park Forest has shown signs of stabilization after a brief period of rapid price increases. While homes continue to sell within the first few weeks of listing, price reductions have become more common as sellers adjust expectations based on the current economic climate. Potential buyers are encouraged to act quickly, as low inventory levels remain a challenge in securing desirable properties.
How much do homes sell for in Park Forest, IL?
The average home price is currently $167,154.
In Park Forest, IL, how many homes are available?
There are currently 24 active home listings available in Park Forest.
What’s the average rental cost in Park Forest, IL?
The average rental price in Park Forest is $1,280.
What is the most expensive home in Park Forest?
The most expensive home sold in Park Forest had a price of $22,877,846.
What is currently the cheapest priced home in Park Forest, IL?
The cheapest home for sale in Park Forest is priced at $18,217.

Living in Park Forest, IL

Nestled just south of Chicago, Park Forest, IL is a vibrant suburban community that combines historical charm with modern conveniences. With a range of parks, schools, and local shops, it offers a family-friendly atmosphere perfect for raising children. Easy access to public transportation and highways makes commuting to the city a breeze.

Buyer vs Seller Market in Park Forest, IL

The real estate market in Park Forest remains competitive, with home prices steadily increasing over the past year. The demand for single-family homes, particularly those with unique architectural styles, is driving sales and attracting new residents.

Rental properties are also gaining popularity, especially among young professionals and families looking for affordable living options close to Chicago. Market predictions indicate a continued upward trend in both home sales and rental prices as the village develops further.

Home Value Estimator For Park Forest, IL

There are currently 6,491 real estate properties in Park Forest, IL, with a median automated valuation model (AVM) price of $159,949.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Park Forest, 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 Park Forest, IL, is $167,154.00, with the most expensive house in Park Forest, IL, topping out at $22,877,846.00 and the cheapest home in Park Forest, IL, clocking in at $18,217.00. In other words, there’s something for every potential homebuyer or savvy investor in Park Forest, IL!

Rent Prices In Park Forest, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Park Forest, IL, is on a rollercoaster ride. The average rent price in Park Forest, IL, is $1,280.00. Indeed, when looking to rent in Park Forest, IL, you can expect to pay as little as $630.00 or as much as $5,420.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Park Forest, 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.

Park Forest, IL 60466 Foreclosures

Nearby Areas

Nearby Zip Codes

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

No Thanks | Remind Me Later
Equal Housing Opportunity
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2026. All Rights Reserved.