River Forest, IL Foreclosures
How much do homes sell for in River Forest, IL?
The average home price is currently $793,117.
In River Forest, IL, how many homes are available?
There are currently 5 active home listings available in River Forest.
What’s the average rental cost in River Forest, IL?
The average rental price in River Forest is $2,440.
What is the most expensive home in River Forest?
The most expensive home sold in River Forest had a price of $9,560,145.
What is currently the cheapest priced home in River Forest, IL?
The cheapest home for sale in River Forest is priced at $33,565.
Living in River Forest, IL
River Forest, IL is a picturesque suburb located just 10 miles from downtown Chicago, known for its affluent community and high-quality schools. With beautiful homes and a welcoming atmosphere, this area is ideal for families and professionals alike. The village offers a blend of suburban tranquility while providing easy access to urban amenities.
Current Market Conditions in River Forest, IL
The real estate market in River Forest has shown a steady increase in home values over the past year, indicating a strong demand for properties in the area. As more families and individuals seek to move to this suburban oasis, the availability of homes for sale is decreasing, causing prices to rise and creating a competitive market for buyers.
In recent months, River Forest has seen a notable interest in larger homes with outdoor spaces, as more people focus on their living environments. Buyers are increasingly looking for properties that offer space for home offices, gyms, and family activities, thus influencing the types of properties that are being listed and sold.
Home Value Estimator For River Forest, IL
There are currently 4,212 real estate properties
in River Forest, IL,
with a median automated valuation model (AVM) price
of $770,153.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in River 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 River Forest, IL,
is $793,117.00, with the most expensive house
in River Forest, IL, topping out
at $9,560,145.00 and the cheapest home
in River Forest, IL,
clocking in at $33,565.00. In other words, there’s
something for every potential homebuyer
or savvy investor in River Forest, IL!
Rent Prices
In River Forest, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in River Forest, IL, is on
a rollercoaster ride. The
average rent price in River Forest, IL,
is $2,440.00. Indeed, when looking to rent in
River Forest, IL, you can expect to pay as little
as $860.00 or as much
as $3,680.00,
with the average rent median estimated to
be $2,580.00. The good news is that finding
an affordable and desirable property to rent in River 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.
Learn more on Foreclosure homes
