Single-family Foreclosures in Park Forest, IL

Current Market Conditions in Park Forest, IL

The real estate market in Park Forest is showing signs of steady growth, with housing prices remaining relatively stable over the past year. The demand for homes in the area has been consistent, particularly due to the attractive pricing and suburban perks that the community offers.

Recently, there has been an uptick in first-time homebuyers looking to invest in Park Forest, encouraged by its affordability. The number of available homes for sale is lower than the previous years, leading to a competitive market which may benefit sellers.

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.