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River Forest, Illinois, Real Estate
River Forest is a village in Cook County, Illinois, a suburb northwest of downtown Chicago. Two universities are located in River Forest, Dominican University and Concordia University Chicago. According to the 2010 census, the population was 11,172.
River Forest currently has 107 single family homes with an average list price of $1,006,704, 58 condos/townhomes with an average list price of $404,955, and 2 multi-unit homes with an average list price of $662,500. The average annual property tax for River Forest is $12,097.
Schools
| School | District | Grade Level | Grades |
|---|---|---|---|
| Lincoln Elementary School | 90 | Elementary | P-4 |
| Willard Elementary School | 90 | Elementary | P-4 |
| Roosevelt School | 90 | Middle | 5-8 |
| Oak Park and River Forest High School | 200 | High | 9-12 |
What's Hot & What Not
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 River Forest, i.e. what's hot and what's not.
See What's Hot & What's Not in River ForestSubdivisions/Buildings
| Subdivisions/Buildings | Median Price | |
|---|---|---|
|
1417 Bonnie Brae 1417 Bonnie Brae is a 19 unit condo building built in 1973. 1417 Bonnie Brae is located in River Forest, Illinois north of Greenfield Street and west of Harlem Avenue. Read more |
$165,000 |
|
|
1535 Forest 1535 Forest Avenue is a 28 unit condo building built in 1962. 1535 Forest Avenue is located in River Forest, Illinois south of North Avenue. |
$291,000 |
|
|
1535 Park 1535 Park is a 20 unit condo building built in 1965. 1535 Park is located in River Forest, Illinois just south of North Avenue. |
$193,000 |
|
|
407 Franklin 407 Franklin Avenue is a 58 unit condo building built in the late 1960's. 407 Franklin Avenue is located in River Forest, Illinois south of Lake Street. Read more |
$190,925 |
|
|
410 Ashland 410 Ashland Avenue is a 29 unit condo building built in the early 1970's. 410 Ashland Avenue is located in River Forest, Illinois south of Lake Street. Read more |
$215,000 |
Metra Stations
| Station | Line | Address | ||
|---|---|---|---|---|
| River Forest | Union Pacific / West Line (UP-W) | 8001 W. Central Avenue | View commute |
Recent Sales
| Date | Address | Beds | Baths | Sq. Ft. | Year | Subdivision | Sold | ||
|---|---|---|---|---|---|---|---|---|---|
|
Jun 21, 2019 | 1434 Jackson Ave. | 5 | 3.1 | 3,425 ft2 | 2 | 1937 | $850,000 | |
|
Jun 19, 2019 | 417 Edgewood Pl. #1 | 2 | 1 | 785 ft2 | 0 | 1953 | Edgewood Place | $147,000 |
|
Jun 18, 2019 | 407 Franklin Ave. #3C | 2 | 2 | — | 1 | 1966 | 407 Franklin | $207,500 |
|
Jun 14, 2019 | 739 Forest Ave. | 3 | 2 | 2,394 ft2 | 2 | 1911 | $526,000 | |
|
Jun 14, 2019 | 620 Clinton Pl. | 4 | 4.1 | 3,800 ft2 | 1 | 1924 | $695,000 | |
|
Jun 13, 2019 | 7212 Oak Ave. #1NE | 2 | 1 | 820 ft2 | 0 | 1940 | $95,000 | |
|
Jun 11, 2019 | 414 Clinton Pl. #601 | 2 | 2 | 1,200 ft2 | 0 | 1972 | $215,000 | |
|
Jun 10, 2019 | 727 Jackson Ave. | 6 | 5.1 | 4,300 ft2 | 2 | 1923 | $1,400,000 | |
|
Jun 6, 2019 | 1129 Bonnie Brae Pl. #1S | 2 | 2 | — | 1 | $285,000 | ||
|
Jun 5, 2019 | 722 Monroe Ave. | 4 | — | — | 2 | 1920 | $442,000 |
We helped over 300 families buy and sell homes last year.
The HomesByMarco team are experts. If you're looking to buy or sell a home, give us a call today at 888-32-MARCO.
The HomesByMarco team are experts. If you're looking to buy or sell a home, give us a call today at 888-32-MARCO.
Market Trends
River Forest home sales for the month of May decreased in volume by 37% when compared to last year, while the median sale price rose by 34.9% from $537,500 to $725,000. The number of Single Family homes sales decreased by 17.6%, while the median sale price rose by 1.6% from $765,000 to $777,500. Condo/townhome sales decreased by 70%, while the median sale price decreased by 28.7% from $192,000 to $136,900.
|
142
|
149
|
170
|
191
|
| 2015 | 2016 | 2017 | 2018 |
| # of sales per year | |||
|
$526,500
|
$556,000
|
$575,000
|
$523,000
|
| 2015 | 2016 | 2017 | 2018 |
| median sale price per year | |||
Median Sale Price for
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Number of Sales for
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Real Estate Sales for May in
| May | Year to Date (Jan 1 - June 26) | |||||
|---|---|---|---|---|---|---|
| 2018 | 2019 | % Change | 2018 | 2019 | % Change | |
| Homes Sold | 27 | 17 | -37% | 99 | 80 | -19.2% |
| (Single Family) | 17 | 14 | -17.6% | 67 | 50 | -25.4% |
| (Condos/Townhomes) | 10 | 3 | -70% | 32 | 30 | -6.3% |
| Median Sale Price | $537,500 | $725,000 | +34.9% | $537,500 | $532,500 | -0.9% |
| (Single Family) | $765,000 | $777,500 | +1.6% | $603,000 | $693,500 | +15% |
| (Condos/Townhomes) | $192,000 | $136,900 | -28.7% | $206,250 | $162,500 | -21.2% |
| Days on Market | 19 | 22 | +15.8% | 25 | 32 | +26% |
| (Single Family) | 19 | 16 | -15.8% | 25 | 29 | +14% |
| (Condos/Townhomes) | 15 | 35 | +141.4% | 21 | 43 | +107.3% |
Nearby Parks
| Park | Amenities | |
|---|---|---|
|
Centennial Park 719 Lathrop Avenue |
Baseball Diamonds Soccer Fields Softball Fields |
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Constitution Park 7715 Greenfield St. |
Baseball Diamonds Field Ice Skating Rink Playground Soccer Fields Softball Fields |
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Keystone Park 498 Keystone Avenue |
Baseball Diamonds Batting Cages Parking Playground Sled Hill Soccer Fields Softball Fields Tennis Courts |
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Memorial Parkway Lake Street west of Monroe Avenue |
Bocce Courts |
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Washington Commons Park 222 Forest Avenue |
Baseball Diamonds Playground Soccer Fields Softball Fields |
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