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Will County Gazette

Wednesday, November 27, 2024

Park Forest (Will County) home prices rise in March 2018

Realestate5

The median sale price of a home sold in March 2018 in Park Forest in Will County rose by $71,450 while total sales decreased by 60%, according to BlockShopper.com.

In March 2018, there were two homes sold, with a median sale price of $110,450 - a 183.2% increase over the $39,000 median sale price for the same period of the previous year. There were five homes sold in Park Forest in March 2017.

The median sales tax in Park Forest for the most recent year with available data, 2017, was $4,539.30, approximately 4.1% of the median home sale price for March 2018.

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

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Crete161414.3%$164,000$135,50021%
Peotone34-25%$158,000$146,5007.8%
Wilmington660%$124,250$99,000.5025.5%
Elwood220%$123,250$153,250-19.6%
Beecher34-25%$118,000$186,250-36.6%
Park Forest25-60%$110,450$39,000183.2%
Fairmont35-40%$79,900$32,000149.7%
Rockdale10-$79,000$0-
Steger16-83.3%$79,000$47,00068.1%
Braidwood25-60%$74,500$140,000-46.8%
University Park7616.7%$60,000$103,750-42.2%
* This story only considers sales data for the part of Park Forest that is in Will County.

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