Park Forest, IL Real Estate & Property Data

Park Forest Real Estate Market Trends
Last Updated: September 25, 2023

Accurate and comprehensive real estate data is critical for insight into Park Forest, IL. ATTOM’s Park Forest real estate data is updated daily, and current market trends show that in Park Forest, IL a total of 475 residential properties have sold over the past year. With a median home price of $170,000 in Park Forest and a total of 9 foreclosures. Get detailed property data for Park Forest, IL instantly. ATTOM is your one-stop-shop for the Park Forest property reports and real estate data you need in Park Forest, IL.

Park Forest Real Estate Market Trends
Total Residential Properties 6,186
Total Commercial Properties 187
Avg. Home Age (Single Family Home) 66 Years
Avg. Square Feet (Single Family Home) 1,331
Total 2023 Residential Sales (year-to-date) 260
% of Homes Seriously Underwater (Q3 2023) 4.12%
Total 2022 Residential Sales 501
% of Equity Rich Homes (Q3 2023) 33.28%
Effective 2022 Property Tax 3.77%
Total Foreclosure Filings (year-to-date) 90
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Park Forest, IL Real Estate Overview

There were 475 residential properties sold in the past year in Park Forest, IL. The median home value in Park Forest, IL is $149,805. There are a total of 6,186 residential properties in the Park Forest.

Median Sales Price i
$170,000
(Jul 2023)
+13.3%
year-over-year
y-o-y
  • July '23 Jul '23 $170,000
  • June '23 Jun '23 $148,000
  • May '23 May '23 $165,000
  • April '23 Apr '23 $140,500
  • March '23 Mar '23 $165,000
  • February '23 Feb '23 $149,500
  • January '23 Jan '23 $152,500
  • December '22 Dec '22 $140,000
  • November '22 Nov '22 $164,000
  • October '22 Oct '22 $165,000
  • September '22 Sep '22 $143,000
  • August '22 Aug '22 $134,000
Median Down Payment i
$4,474
(Jul 2023)
+20.5%
year-over-year
y-o-y
  • July '23 Jul '23 $4,474
  • June '23 Jun '23 $4,017
  • May '23 May '23 $3,522
  • April '23 Apr '23 $4,083
  • March '23 Mar '23 $3,505
  • February '23 Feb '23 $5,702
  • January '23 Jan '23 $5,200
  • December '22 Dec '22 $3,149
  • November '22 Nov '22 $4,190
  • October '22 Oct '22 $3,595
  • September '22 Sep '22 $3,450
  • August '22 Aug '22 $3,714
Number of Homes Sold i
31
(Jul 2023)
-38%
year-over-year
y-o-y
  • July '23 Jul '23 31
  • June '23 Jun '23 41
  • May '23 May '23 60
  • April '23 Apr '23 29
  • March '23 Mar '23 40
  • February '23 Feb '23 29
  • January '23 Jan '23 30
  • December '22 Dec '22 33
  • November '22 Nov '22 31
  • October '22 Oct '22 30
  • September '22 Sep '22 32
  • August '22 Aug '22 39
Number of Purchase Loans i
24
(Jul 2023)
-42.9%
year-over-year
y-o-y
  • July '23 Jul '23 24
  • June '23 Jun '23 29
  • May '23 May '23 44
  • April '23 Apr '23 21
  • March '23 Mar '23 23
  • February '23 Feb '23 28
  • January '23 Jan '23 22
  • December '22 Dec '22 27
  • November '22 Nov '22 21
  • October '22 Oct '22 27
  • September '22 Sep '22 27
  • August '22 Aug '22 36
Number of REFI Loans i
26
(Jul 2023)
+160%
year-over-year
y-o-y
  • July '23 Jul '23 26
  • June '23 Jun '23 24
  • May '23 May '23 13
  • April '23 Apr '23 15
  • March '23 Mar '23 24
  • February '23 Feb '23 6
  • January '23 Jan '23 22
  • December '22 Dec '22 20
  • November '22 Nov '22 19
  • October '22 Oct '22 12
  • September '22 Sep '22 23
  • August '22 Aug '22 16
Number of HELOC Loans i
  • July '23 Jul '23 N/A
  • June '23 Jun '23 5
  • May '23 May '23 N/A
  • April '23 Apr '23 5
  • March '23 Mar '23 3
  • February '23 Feb '23 4
  • January '23 Jan '23 2
  • December '22 Dec '22 3
  • November '22 Nov '22 2
  • October '22 Oct '22 2
  • September '22 Sep '22 2
  • August '22 Aug '22 2

Park Forest, IL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value

Park Forest, IL Foreclosure Activity

There were a total of 9 Park Forest, IL properties with a foreclosure filing in July 2023. Lenders started the foreclosure process on 6 Park Forest, IL properties and repossessed 9 Park Forest, IL properties through completed foreclosures (REOs) in July 2023.

Total Foreclosure Filings i
9
(Jul 2023)
year-over-year
y-o-y
  • July '23 Jul '23 9
  • June '23 Jun '23 6
  • May '23 May '23 12
  • April '23 Apr '23 17
  • March '23 Mar '23 20
  • February '23 Feb '23 10
  • January '23 Jan '23 16
  • December '22 Dec '22 14
  • November '22 Nov '22 3
  • October '22 Oct '22 11
  • September '22 Sep '22 15
  • August '22 Aug '22 10
Foreclosure Starts i
6
(Jul 2023)
-25%
year-over-year
y-o-y
  • July '23 Jul '23 6
  • June '23 Jun '23 6
  • May '23 May '23 8
  • April '23 Apr '23 10
  • March '23 Mar '23 18
  • February '23 Feb '23 8
  • January '23 Jan '23 9
  • December '22 Dec '22 8
  • November '22 Nov '22 2
  • October '22 Oct '22 7
  • September '22 Sep '22 11
  • August '22 Aug '22 6
Completed Foreclosures (REOs) i
9
(Jul 2023)
+200%
year-over-year
y-o-y
  • July '23 Jul '23 9
  • June '23 Jun '23 17
  • May '23 May '23 6
  • April '23 Apr '23 3
  • March '23 Mar '23 4
  • February '23 Feb '23 5
  • January '23 Jan '23 2
  • December '22 Dec '22 1
  • November '22 Nov '22 1
  • October '22 Oct '22 1
  • September '22 Sep '22 2
  • August '22 Aug '22 1
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