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Will County Gazette

Wednesday, November 27, 2024

Park Forest (Will County) home prices rise in the first quarter of 2018

Realestate5

The median sale price of a home sold in the first quarter of 2018 in Park Forest in Will County rose by $31,000 while total sales decreased by 46.7%, according to BlockShopper.com.

From January through March of 2018, there were eight homes sold, with a median sale price of $70,000 - a 79.5% increase over the $39,000 median sale price for the same period of the previous year. There were 15 homes sold in Park Forest in the first quarter of 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 the first quarter of 2018.

The following table compares Park Forest to other Will County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Ridgewood14-75%$115,000$84,00036.9%
Arbury Hills23-33.3%$111,000$178,500-37.8%
Preston Heights19-88.9%$99,000$110,000-10%
Ingalls Park610-40%$98,250$77,269.5027.2%
Steger1017-41.2%$86,472$50,00072.9%
Fairmont38-62.5%$79,900$33,500138.5%
Rockdale17-85.7%$79,000$111,650-29.2%
University Park1620-20%$75,775$62,21721.8%
Lincoln Estates31200%$75,000$228,000-67.1%
Park Forest815-46.7%$70,000$39,00079.5%
Wolf Creek Island12-50%$36,000$101,500-64.5%
* This story only considers sales data for the part of Park Forest that is in Will County.

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