Housing Market Report for Park Forest, IL

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This housing market report uses absorption rates to track supply and demand for Park Forest, IL. With 3.7 months of inventory across all segments, the market is currently balanced — supply and demand are roughly equal, giving buyers and sellers relatively equal negotiating leverage. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 16, 2026]

What is an Absorption Rate? How is Absorption Rate calculated? How is Months of Inventory calculated? Market Conditions Guide

Seller's Market

Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market

3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market

Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

Houses

Hottest Segment 🔥

$75k – $100k

Absorption rate of 0.9, with 1.1 months of inventory.

Coolest Segment ❄️

$275k – $300k

With 9 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$125k – $150k

17 active listings with 29 sold in the last 6 months.

Market Overview

All Segments

Supply and demand are roughly in balance at 3.8 months of inventory.

List Price	Available	Sold Last 6 Months	Under Contract	Absorption Rate	Months of Inventory	Market
50k-75k	2	7	3	0.6	1.7	Seller's
$52,000 412 Winnebago St. Park Forest, IL $64,000 340 Nassau St. Park Forest, IL
$64,900 316 Winnebago St. Park Forest, IL $55,000 246 Arrowhead St. Park Forest, IL $52,000 311 Windsor St. Park Forest, IL $74,900 8 Rich Ct. Park Forest, IL $74,000 241 Indianwood Blvd. Park Forest, IL $71,500 254 Arcadia St. Park Forest, IL $65,000 132 Shabbona Dr. Park Forest, IL
$64,900 316 Winnebago St. Park Forest, IL $74,000 241 Indianwood Blvd. Park Forest, IL $65,000 132 Shabbona Dr. Park Forest, IL
75k-100k	2	11	3	0.9	1.1	Seller's
$85,000 225 S Orchard Dr. Park Forest, IL $100,000 366 Blackhawk Dr. Park Forest, IL
$100,000 [Address Hidden by Seller] Park Forest, IL $100,000 119 Well St. Park Forest, IL $87,000 111 Shabbona Dr. Park Forest, IL $90,000 222 Miami St. Park Forest, IL $89,800 395 Oswego St. Park Forest, IL $96,000 66 Marquette St. Park Forest, IL $99,900 439 Niagara St. Park Forest, IL $79,800 344 Oakwood St. Park Forest, IL $100,000 325 Gentry St. Park Forest, IL $99,000 319 Oswego St. Park Forest, IL $92,000 234 Hickory St. Park Forest, IL
$89,800 395 Oswego St. Park Forest, IL $99,900 439 Niagara St. Park Forest, IL $99,000 319 Oswego St. Park Forest, IL
100k-125k	9	15	7	0.3	3.6	Balanced
$125,000 [Address Hidden by Seller] Park Forest, IL $119,000 322 Indianwood Blvd. Park Forest, IL $117,500 158 Algonquin St. Park Forest, IL $120,000 305 Somonauk St. Park Forest, IL $115,000 160 Monee Rd. Park Forest, IL $115,000 331 Osage St. Park Forest, IL $110,000 363 Blackhawk Dr. Park Forest, IL $119,900 15 Oak Ln. Park Forest, IL $104,900 16 Sauk Tr. Park Forest, IL
$114,000 22 Apple Ln. Park Forest, IL $110,000 101 Shabbona Dr. Park Forest, IL $110,000 140 Nashua St. Park Forest, IL $107,000 308 Shabbona Dr. Park Forest, IL $122,000 338 Waldmann Dr. Park Forest, IL $110,000 103 Shabbona Dr. Park Forest, IL $105,000 346 Waverly St. Park Forest, IL $109,900 5 Arrowhead Ct. Park Forest, IL $116,500 361 Osage St. Park Forest, IL $105,000 159 Blackhawk Dr. Park Forest, IL $108,000 142 Marquette St. Park Forest, IL $105,000 223 S Orchard Dr. Park Forest, IL $119,000 432 Natoma St. Park Forest, IL $110,000 22205 Central Park Ave. Park Forest, IL $124,700 322 Sioux St. Park Forest, IL
$110,000 140 Nashua St. Park Forest, IL $109,900 5 Arrowhead Ct. Park Forest, IL $116,500 361 Osage St. Park Forest, IL $108,000 142 Marquette St. Park Forest, IL $119,000 432 Natoma St. Park Forest, IL $110,000 22205 Central Park Ave. Park Forest, IL $124,700 322 Sioux St. Park Forest, IL
125k-150k	17	29	6	0.3	3.5	Balanced
$149,000 435 Victory Dr. Park Forest, IL $149,000 108 Shabbona Dr. Park Forest, IL $138,000 344 Nassau St. Park Forest, IL $145,000 335 Oakwood St. Park Forest, IL $135,000 335 Manitowac St. Park Forest, IL $141,000 352 Indianwood Blvd. Park Forest, IL $150,000 125 Algonquin St. Park Forest, IL $142,900 204 Washington St. Park Forest, IL $126,500 277 Minocqua St. Park Forest, IL $139,000 355 Oswego St. Park Forest, IL $150,000 230 Mantua St. Park Forest, IL $145,000 74 Marquette St. Park Forest, IL $149,000 264 Arcadia St. Park Forest, IL $129,900 197 Washington St. Park Forest, IL $135,000 417 Lakewood Blvd. Park Forest, IL $150,000 58 Sauk Tr. Park Forest, IL $150,000 339 Oswego St. Park Forest, IL
$150,000 311 Sauk Tr. Park Forest, IL $139,900 240 Tampa St. Park Forest, IL $142,000 414 Shabbona Dr. Park Forest, IL $142,500 331 Sauk Tr. Park Forest, IL $143,500 371 Lakewood Blvd. Park Forest, IL $135,009 245 Blackhawk Dr. Park Forest, IL $133,000 55 Apple Ln. Park Forest, IL $130,000 [Address Hidden by Seller] Park Forest, IL $150,000 243 Tampa St. Park Forest, IL $142,000 430 Neosho St. Park Forest, IL $142,825 325 Indianwood Blvd. Park Forest, IL $135,000 314 Seminole St. Park Forest, IL $149,000 351 Waverly St. Park Forest, IL $145,000 354 Winona St. Park Forest, IL $139,000 234 Arrowhead St. Park Forest, IL $140,000 317 Mohawk St. Park Forest, IL $135,000 344 Indianwood Blvd. Park Forest, IL $129,900 273 Mohawk St. Park Forest, IL $150,000 356 Winnebago St. Park Forest, IL $150,000 360 Niagara St. Park Forest, IL $140,500 419 S Orchard Dr. Park Forest, IL $134,000 357 Neola St. Park Forest, IL $125,112 216 Washington St. Park Forest, IL $148,000 365 Oswego St. Park Forest, IL $128,000 270 Minocqua St. Park Forest, IL $146,500 315 Sauganash St. Park Forest, IL $141,000 314 Sheridan St. Park Forest, IL $145,000 324 Marquette St. Park Forest, IL $134,900 322 Mohawk St. Park Forest, IL
$133,000 55 Apple Ln. Park Forest, IL $130,000 [Address Hidden by Seller] Park Forest, IL $145,000 354 Winona St. Park Forest, IL $129,900 273 Mohawk St. Park Forest, IL $145,000 324 Marquette St. Park Forest, IL $134,900 322 Mohawk St. Park Forest, IL
150k-175k	18	25	3	0.2	4.3	Balanced
$165,000 431 Neosho St. Park Forest, IL $160,000 9 Arrowhead Ct. Park Forest, IL $175,000 348 Merrimac St. Park Forest, IL $157,000 54 Monee Rd. Park Forest, IL $168,900 375 Winona St. Park Forest, IL $163,000 102 Nashua St. Park Forest, IL $152,500 319 Miami St. Park Forest, IL $175,000 347 Minocqua St. Park Forest, IL $175,000 105 Willow St. Park Forest, IL $159,900 36 Monee Rd. Park Forest, IL $169,000 345 Indianwood Blvd. Park Forest, IL $159,900 274 Rich Rd. Park Forest, IL $166,500 315 Nokomis St. Park Forest, IL $155,000 120 Marquette St. Park Forest, IL $154,900 454 Indianwood Blvd. Park Forest, IL $175,000 415 Shabbona Dr. Park Forest, IL $164,900 136 Well St. Park Forest, IL $169,000 266 Arcadia St. Park Forest, IL
$165,000 331 Somonauk St. Park Forest, IL $169,900 425 Neosho St. Park Forest, IL $175,000 417 New Salem St. Park Forest, IL $162,000 138 Algonquin St. Park Forest, IL $171,000 115 Algonquin St. Park Forest, IL $170,000 373 Lakewood Blvd. Park Forest, IL $166,000 223 Miami St. Park Forest, IL $174,000 176 Monee Rd. Park Forest, IL $170,000 319 Sauganash St. Park Forest, IL $175,000 463 Shabbona Dr. Park Forest, IL $160,000 [Address Hidden by Seller] Park Forest, IL $169,000 230 Miami St. Park Forest, IL $170,000 220 S Orchard Dr. Park Forest, IL $156,000 239 Indianwood Blvd. Park Forest, IL $170,000 190 Monee Rd. Park Forest, IL $159,000 429 Natoma St. Park Forest, IL $165,000 202 Allegheny St. Park Forest, IL $154,900 363 Minocqua St. Park Forest, IL $155,000 320 Minocqua St. Park Forest, IL $153,000 18 E Rocket Cir. Park Forest, IL $159,900 8 Mantua Ct. Park Forest, IL $160,000 303 Jackson St. Park Forest, IL $170,000 8 Waverly Ct. Park Forest, IL $155,000 267 Somonauk St. Park Forest, IL $158,000 257 Lester Rd. Park Forest, IL
$162,000 138 Algonquin St. Park Forest, IL $169,000 230 Miami St. Park Forest, IL $159,900 8 Mantua Ct. Park Forest, IL
175k-200k	16	23	8	0.2	4.2	Balanced
$179,000 227 Early St. Park Forest, IL $199,999 226 S Orchard Dr. Park Forest, IL $199,000 336 Marquette St. Park Forest, IL $199,900 109 Walnut St. Park Forest, IL $199,900 91 Winslow St. Park Forest, IL $179,999 340 Indianwood Blvd. Park Forest, IL $199,900 64 Blackhawk Dr. Park Forest, IL $199,000 408 Sauk Tr. Park Forest, IL $195,000 422 Suwanee St. Park Forest, IL $184,900 62 Marquette St. Park Forest, IL $180,000 273 Green St. Park Forest, IL $180,000 3 Rich Ct. Park Forest, IL $194,500 531 Wildwood Dr. Park Forest, IL $177,000 261 Miami St. Park Forest, IL $185,000 275 Rich Rd. Park Forest, IL $189,873 428 Navajo St. Park Forest, IL
$198,008 254 Green St. Park Forest, IL $185,000 343 Osage St. Park Forest, IL $179,000 237 Arrowhead St. Park Forest, IL $177,000 461 Titonka St. Park Forest, IL $180,000 340 Sauk Tr. Park Forest, IL $189,999 7 E Rocket Cir. Park Forest, IL $190,000 106 Blackhawk Dr. Park Forest, IL $195,000 191 Westwood Dr. Park Forest, IL $179,900 313 N Orchard Dr. Park Forest, IL $184,999 6 Mantua Ct. Park Forest, IL $192,000 300 Miami St. Park Forest, IL $185,000 135 Westwood Dr. Park Forest, IL $185,000 483 Talala St. Park Forest, IL $177,900 434 Shabbona Dr. Park Forest, IL $179,999 181 Nanti St. Park Forest, IL $180,100 403 Wilshire St. Park Forest, IL $179,000 332 Gentry St. Park Forest, IL $190,694 212 Berry St. Park Forest, IL $190,000 324 N Orchard Dr. Park Forest, IL $194,900 287 Rich Rd. Park Forest, IL $200,000 413 Winnemac St. Park Forest, IL $199,000 560 Lakewood Blvd. Park Forest, IL $179,500 357 Indianwood Blvd. Park Forest, IL
$179,000 237 Arrowhead St. Park Forest, IL $189,999 7 E Rocket Cir. Park Forest, IL $195,000 191 Westwood Dr. Park Forest, IL $179,900 313 N Orchard Dr. Park Forest, IL $184,999 6 Mantua Ct. Park Forest, IL $192,000 300 Miami St. Park Forest, IL $185,000 483 Talala St. Park Forest, IL $179,000 332 Gentry St. Park Forest, IL
200k-225k	12	16		0.2	4.5	Balanced
$225,000 412 Suwanee St. Park Forest, IL $225,000 127 Nashua St. Park Forest, IL $210,000 406 Sauk Tr. Park Forest, IL $209,900 305 Winnebago St. Park Forest, IL $209,000 407 Watseka St. Park Forest, IL $210,000 406 Winnebago St. Park Forest, IL $210,000 [Address Hidden by Seller] Park Forest, IL $219,900 348 Niagara St. Park Forest, IL $205,000 433 Wildwood Dr. Park Forest, IL $215,825 126 Indiana St. Park Forest, IL $225,000 110 Willow St. Park Forest, IL $209,900 320 Sioux St. Park Forest, IL
$220,000 103 Willow St. Park Forest, IL $218,000 113 Berry St. Park Forest, IL $205,000 317 Seminole St. Park Forest, IL $208,000 434 Victoria Cir. Park Forest, IL $224,900 323 Shawnee St. Park Forest, IL $224,900 303 Springfield St. Park Forest, IL $204,000 242 Mantua St. Park Forest, IL $209,500 502 Lakewood Blvd. Park Forest, IL $209,000 365 Lakewood Blvd. Park Forest, IL $220,000 307 Osage St. Park Forest, IL $216,000 403 Todd St. Park Forest, IL $224,555 154 Westwood Dr. Park Forest, IL $217,500 229 Illinois St. Park Forest, IL $220,000 328 Oswego St. Park Forest, IL $223,000 453 Tomahawk St. Park Forest, IL $215,000 196 Westwood Dr. Park Forest, IL

225k-250k	13	13	3	0.2	6	Balanced
$250,000 356 Miami St. Park Forest, IL $235,000 118 Warwick St. Park Forest, IL $229,999 117 Wilson St. Park Forest, IL $241,000 365 Waverly St. Park Forest, IL $249,900 350 Oakwood St. Park Forest, IL $250,000 229 Grant St. Park Forest, IL $229,000 8 Wayne Ct. Park Forest, IL $239,900 188 Washington St. Park Forest, IL $230,000 124 Wilson St. Park Forest, IL $249,900 178 Nauvoo St. Park Forest, IL $235,000 574 Lakewood Blvd. Park Forest, IL $239,700 14 Wilson Ct. Park Forest, IL $233,000 304 Herndon St. Park Forest, IL
$235,000 303 Gettysburg St. Park Forest, IL $250,000 450 Victoria Cir. Park Forest, IL $240,000 363 Indianwood Blvd. Park Forest, IL $232,000 182 Washington St. Park Forest, IL $230,000 2337 Valley View Ln. Park Forest, IL $249,000 76 Winslow St. Park Forest, IL $233,500 109 Wilson St. Park Forest, IL $250,000 547 Homan Ave. Park Forest, IL $245,000 364 Osage St. Park Forest, IL $240,000 230 Hickory St. Park Forest, IL $239,000 312 Nassau St. Park Forest, IL $226,000 23735 S Western Ave. Park Forest, IL $237,000 229 Indiana St. Park Forest, IL
$235,000 303 Gettysburg St. Park Forest, IL $250,000 450 Victoria Cir. Park Forest, IL $239,000 312 Nassau St. Park Forest, IL
250k-275k	3	7	2	0.4	2.6	Seller's
$269,900 305 Jackson St. Park Forest, IL $259,900 118 Indiana St. Park Forest, IL $259,500 202 Wilson St. Park Forest, IL
$275,000 369 Waverly St. Park Forest, IL $275,000 338 Mohawk St. Park Forest, IL $255,000 377 Wilshire St. Park Forest, IL $270,000 4 Waverly Ct. Park Forest, IL $270,000 333 Illinois St. Park Forest, IL $269,900 356 Wilshire St. Park Forest, IL $255,000 338 Ottawa St. Park Forest, IL
$275,000 369 Waverly St. Park Forest, IL $269,900 356 Wilshire St. Park Forest, IL
275k-300k	3	2		0.1	9	Buyer's
$284,000 5 Lakewood Ct. Park Forest, IL $283,999 73 Blackhawk Dr. Park Forest, IL $290,000 52 Blackhawk Dr. Park Forest, IL
$285,000 216 Lee St. Park Forest, IL $296,000 402 Tamarack St. Park Forest, IL

375k-400k		1		0.2	0	Seller's

$389,000 415 Tamarack St. Park Forest, IL

Townhouses

Hottest Segment 🔥

$175k – $200k

Absorption rate of 0.2, with 6 months of inventory.

Coolest Segment ❄️

$175k – $200k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$75k – $100k

0 active listings with 2 sold in the last 6 months.

Market Overview

All Segments

The overall market favors sellers with just 1 months of inventory.

List Price	Available	Sold Last 6 Months	Under Contract	Absorption Rate	Months of Inventory	Market
25k-50k		1		0.2	0	Seller's

$26,000 162 Ash St. Park Forest, IL

50k-75k		1	1	0.2	0	Seller's

$55,000 145 Elm St. Park Forest, IL
$55,000 145 Elm St. Park Forest, IL
75k-100k		2		0.3	0	Seller's

$82,000 10 Michael Rd. Park Forest, IL $99,900 370 Main St. Park Forest, IL

100k-125k		1	1	0.2	0	Seller's

$104,900 17 Michael Rd. Park Forest, IL
$104,900 17 Michael Rd. Park Forest, IL
175k-200k	1	1		0.2	6	Balanced
$187,000 26 Abbey Ln. Park Forest, IL
$180,000 18 Forest Wood Ln. Park Forest, IL