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Will County Gazette

Monday, November 25, 2024

Park Forest (Will County) home prices fall in January 2018

Realestate4

The median sale price of a home sold in January 2018 in Park Forest in Will County fell by $32,025 while total sales decreased by 33.3%, according to BlockShopper.com.

In January 2018, there were four homes sold, with a median sale price of $70,000 - a 31.4% decrease over the $102,025 median sale price for the same period of the previous year. There were six homes sold in Park Forest in January 2017.

The median sales tax in Park Forest for the most recent year with available data, 2017, was $4,539.30, approximately 6.5% of the median home sale price for January 2018.

The following table compares Park Forest to other Will County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Wilmington7616.7%$151,000$141,5006.7%
Monee660%$145,750$90,64760.8%
Ingalls Park440%$117,000$107,0009.3%
Ridgewood110%$115,000$23,289393.8%
Preston Heights14-75%$99,000$135,000-26.7%
University Park59-44.4%$89,900$100,100-10.2%
Steger7540%$88,000$60,79144.8%
Park Forest46-33.3%$70,000$102,025-31.4%
Arbury Hills13-66.7%$70,000$178,500-60.8%
Lakewood Shores110%$18,000$45,500-60.4%
Lincoln Estates110%$17,500$228,000-92.3%
* This story only considers sales data for the part of Park Forest that is in Will County.

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