Housing Market Report for Park Forest-Chicago Heights School District 163, IL
This housing market report uses absorption rates to track supply and demand for Park Forest-Chicago Heights School District 163, IL. With 4.5 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: September 18, 2026]
High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.
Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.
More supply than demand. Buyers can negotiate, request concessions, and take their time.
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Houses
Absorption rate of 0.5, with 2 months of inventory.
With 12 months of inventory, buyers have more time and negotiating power in this range.
1 active listings with 3 sold in the last 6 months.
Supply and demand are roughly in balance at 4.5 months of inventory.
| List Price |
Available
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Sold Last 6 Months 
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Under Contract 
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Absorption Rate 
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Months of Inventory 
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Market |
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| 125k-150k | 1 | 3 | 0.5 | 2 | Seller's | |
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| 150k-175k | 2 | 2 | 0.2 | 6 | Balanced | |
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| 175k-200k | 2 | 1 | 0.1 | 12 | Buyer's | |
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| 200k-225k | 1 | 0 | ||||
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| 225k-250k | 1 | 0.2 | 0 | Seller's | ||
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| 250k-275k | 1 | 0.2 | 0 | Seller's | ||
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