In March 2017, there were five homes sold, with a median sale price of $39,000 - a 25.4% decrease over the $52,300 median sale price for the same period of the previous year. There were four homes sold in Park Forest in March 2016.
The median sales tax in Park Forest for 2017 was $4,539.28. In 2016, the median sales tax was $4,251. This marks an increase of 6.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 11.6%.
The following table compares Park Forest to other Will County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Crete | 14 | 17 | -17.6% | $135,500 | $143,500 | -5.6% |
| Ridgewood | 1 | 1 | 0% | $127,000 | $150,000 | -15.3% |
| Lily Cache | 1 | 1 | 0% | $126,744 | $95,500 | 32.7% |
| University Park | 6 | 11 | -45.5% | $103,750 | $101,100 | 2.6% |
| Wilmington | 6 | 2 | 200% | $99,000.50 | $248,100 | -60.1% |
| Ingalls Park | 3 | 0 | - | $65,000 | $0 | - |
| Preston Heights | 3 | 3 | 0% | $60,000 | $40,000 | 50% |
| Custer Park | 3 | 3 | 0% | $59,000 | $185,000 | -68.1% |
| Steger | 6 | 1 | 500% | $47,000 | $135,000 | -65.2% |
| Park Forest | 5 | 4 | 25% | $39,000 | $52,300 | -25.4% |
| Fairmont | 5 | 2 | 150% | $32,000 | $25,500 | 25.5% |
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