From October to December, 62 homes sold in Park Forest for a median price of $78,000. That's 64.5 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 15 homes in Park Forest were in foreclosure.
Median property tax for homeowners in Park Forest was $5,989.80 in 2017 according to tax data from that year. That means homeowners pay 12.6 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Park Forest real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
82
$64,935
-
2010
47
$51,300
-21%
2011
63
$44,635
-13%
2012
65
$31,610
-29.2%
2013
80
$42,390
34.1%
2014
94
$31,800
-25%
2015
85
$39,220
23.3%
2016
62
$42,000
7.1%
2017
74
$47,430
12.9%
2018
62
$78,000
64.5%
Median property tax
Median sale price
Effective property tax rate
2009
$6,086.76
$64,935
9.4%
2010
$5,581.39
$51,300
10.9%
2011
$4,589.93
$44,635
10.3%
2012
$5,276.79
$31,610
16.7%
2013
$5,517.50
$42,390
13%
2014
$5,227.58
$31,800
16.4%
2015
$5,526.82
$39,220
14.1%
2016
$6,262.10
$42,000
14.9%
2017
$5,989.79
$47,430
12.6%
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