Housing in Park Forest, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$112,250
Median List Price
$164,700
Price Per Sq Ft
$95
Days on Market
95
Active Inventory
120
Months of Supply
12.0
Buyer's market
Zillow Home Value
$147,295
ZHVI — January 2026
Zillow Rent Index
$1,916
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
30.0%
Off Market in 2 Weeks
35.7%
Sale-to-List Ratio
90.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
10
New Listings
33
Pending Sales
28
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$95
Median List $/SF
$120
Park Forest vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Park Forest is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$106,200
Median Rent
$1,341
Total Housing Units
9,015
Vacancy Rate
8.9%
Owner Occupied
64.5%
Renter Occupied
35.5%
Median Property Tax
$4,033
per year
Monthly Cost (w/ Mortgage)
$1,020
Housing Types
The current median sale price in Park Forest, IL is $112,250 according to Redfin data. Homes spend a median of 95 days on the market. 30.0% of homes sold above asking price. The market has 12.0 months of supply. The median price per square foot is $95. Zillow's observed rent index is $1,916/month. About 64.5% of housing units are owner-occupied. The median year homes were built is 1958. There are 9,015 total housing units.