The Village of Park Forest Building Department has released its real estate, occupancy, and building permit data for July through September 2025.
In July, the average home selling price was $146,202, a decrease from June’s average of $152,738. Home sales ranged between $50,705 and $226,500. Of the 32 homes sold in July, 26 were priced above $100,000 and six exceeded $200,000. The year-to-date average selling price through July was reported at $144,771.
Re-occupancy inspections during July showed that owner-occupied homes made up 44% of transactions while rental-occupied properties accounted for 56%. This was a shift from June when owner-occupied homes comprised 64% and rentals made up 36%.
July saw the issuance of 89 building permits with a total valuation of $701,182. In comparison, June had 91 permits valued at $855,241.
For August, the average home selling price fell to $104,909 with sale prices ranging from $44,000 to $208,000. Twelve out of the 22 homes sold in August were priced over $100,000; one sold for more than $200,000. The year-to-date average through August stood at $140,975.
Occupancy inspections in August indicated that owner-occupancy rose slightly to 47%, while rental occupancy was at 53%. The number of building permits issued increased to 116 with a total value of $1,467,960.
In September the average home selling price recovered somewhat to reach $136,201. Sale prices ranged from $40,000 to as high as $225,000. Twenty-eight out of forty homes sold in September were above the $100,000 mark. The calendar year’s running average by September was reported as $140,270.
September’s re-occupancy inspections showed an increase in owner-occupancy at 63%, with rental occupancy dropping to 37%. Sixty-five building permits were issued that month totaling a valuation of $667,608.
A Village official described these numbers as typical short-term changes within local housing and construction markets: “These reports provide a snapshot of activity from month to month,” the official said. “Things are always changing so it’s important not to read too much into short-term variations. The data helps us track what’s happening but not necessarily why.”
The Building Department compiles these monthly reports for tracking purposes related to home sales trends and construction activity within Park Forest.
Park Forest operates under a council-manager form of government led by a mayor and six trustees who oversee municipal services and development initiatives according to its official website. The village is recognized for efforts supporting sustainability in community planning and economic development, while also promoting community health through various programs.
