Park Forest, IL, Real Estate
Park Forest, Illinois, is a village in Cook and Will Counties, about 30 miles south of Chicago, known for its historic planned community roots. Established in the late 1940s, it was designed as a post-World War II suburb for returning veterans, blending affordable housing, green spaces, and a cooperative spirit. With a population of around 21,000, it boasts a diverse community, tree-lined streets, and amenities like parks, a cultural arts center, and the unique Park Forest Aqua Center. Its proximity to Chicago, accessible via the Metra commuter rail, makes it a convenient yet quieter alternative to city life, while maintaining a strong sense of community through local events and active civic engagement.
Park Forest currently has 176 single family homes for sale with an average list price of $167,938.15, 4 townhouses for sale with an average list price of $105,000, 4 condos for sale with an average list price of $63,500, and 1 lot for sale with a list price of $20,000. The average annual property tax for Park Forest is $6,101.11.
Schools
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Park Forest, i.e. what's hot and what's not.
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Recent Sales
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Subdivisions
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Arboretum is a townhouse and condo community in Park Forest, Illinois, built between 1948 and 1949. It currently has 1 condo for sale with a list price of $50,000. The homes range in size from 936 ft2 to 1,400 ft2. The average annual property tax for Arboretum is $1,838.23. It is located in Cook County. Located in Park Forest, Arboretum is on Dogwood East of Western.
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Ash Street Coop is a subdivision in Park Forest, Illinois. It currently has no homes for sale. It is located in Cook County. Located in Park Forest, Ash Street Coop is on Ash St. East of Lincoln Hwy. and 26th St.
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Cedarwood is a subdivision in Park Forest, Illinois. It currently has no homes for sale. It is located in Cook County. Located in Park Forest, Cedarwood is on Cedar and Western.
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East Gate is a subdivision in Park Forest, Illinois. It currently has no homes for sale. It is located in Cook County. Located in Park Forest, East Gate off of Allegheny East of Western and 26th St.
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East Lincolnwood is a single-family home community in Park Forest, Illinois, built between 1959 and 1966. It currently has 1 single family home for sale with a list price of $165,000. The homes range in size from 1,121 ft2 to 1,600 ft2. The average annual property tax for East Lincolnwood is $6,106.55. It is located in Cook County. East Lincolnwood is a single family home neighborhood in Park Forest, Illinois.
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Median Price: $265,000 |
Show all 15 Subdivisions
Subdivisions
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Market Trends
Park Forest home sales for the month of June decreased in volume by 6.1% when compared to last year, while the median sale price rose by 16.5% from $145,000 to $168,900. House sales decreased by 6.5%, while the median sale price rose by 17.6% from $148,000 to $174,000. Condo sales rose by 100%, while the median sale price rose by 46.7% from $45,000 to $66,000.
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415
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389
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367
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337
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2022 |
2023 |
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$119,000
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$139,500
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$140,000
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$145,000
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Median Sale Price for Park Forest
Number of Sales for Park Forest
Market Trends
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Nearby Parks
Algonquin Street and Western Avenue
Baseball Diamonds
Basketball Courts
Hiking Paths
Playground
Soccer Fields
Softball Fields
Western Avenue and Cedar Street
Playground
Tennis Courts
410 Lakewood Boulevard
Baseball Diamonds
Hiking Paths
Picnic Area
Playground
Restrooms
Soccer Fields
Softball Fields
Tennis Courts
Volleyball Courts
N. Orchard Drive
Baseball Diamonds
Outdoor Pavilion
Picnic Areas
Restrooms
Softball Fields
Manitowac Street
Baseball Diamonds
Softball Fields
Chestnut Street
Baseball Diamonds
Playground
Softball Fields
South Orchard Drive and Onarga Street
Baseball Diamonds
Softball Fields
Wilson St. and Westgate Drive
In-Line Skating
Parking
Skate Park
Shabbona Drive and Neosho Street
Tennis Courts
Somonauk Street and Sangamon
Baseball Diamonds
Basketball Courts
Picnic Area
Restrooms
Soccer Fields
Softball Fields
Baseball Diamonds
Biking Paths
Dog Park
Hiking Paths
Playground
Softball Fields
Show all 14 parks
Nearby Parks
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Real Estate News
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Park Forest had 15 new homes for sale during the week of Friday, July 18 to Thursday, July 24, including including 14 single family homes for sale with an average ...
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Park Forest had 4 sales during the week of Tuesday, July 15 to Monday, July 21, including including 4 single family homes for sale with an average list price of ...
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Park Forest had 11 new homes for sale with a master bedroom on the first floor during the month of Saturday, July 12 to Friday, July 18, including 11 ...
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Park Forest had 18 new homes for sale during the week of Friday, July 11 to Thursday, July 17, including including 18 single family homes for sale with an average ...
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Park Forest had 4 sales during the week of Tuesday, July 8 to Monday, July 14, including including 4 single family homes for sale with an average list price of ...
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Real Estate News
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