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Foreclosure Homes in Park Forest, IL

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Park Forest, IL Foreclosures

Current Market Conditions in in Park Forest, IL As of June 2026?
Home values: +0.98% MoM; rent: +0.00% MoM.
How much do homes sell for in Park Forest, IL?
The average home price is currently $169,547.
In Park Forest, IL, how many homes are available?
There are currently 4 active home listings available in Park Forest.
What’s the average rental cost in Park Forest, IL?
The average rental price in Park Forest is $1,280.
What is the most expensive home in Park Forest?
The most expensive home sold in Park Forest had a price of $22,992,482.
What is currently the cheapest priced home in Park Forest, IL?
The cheapest home for sale in Park Forest is priced at $18,308.

Living in Park Forest, IL

Park Forest, IL is an established south suburban Chicago community with mature neighborhoods, parks, commuter access, and value-oriented housing opportunities for investors.

Buyer vs Seller Market in Park Forest, IL

Median home value: $159,065 as of 2026-05-14.

Median rent: $1,290 as of 2026-05-14.

Home values: +0.98% MoM, -1.60% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Park Forest, IL

There are currently 6,491 real estate properties in Park Forest, IL, with a median automated valuation model (AVM) price of $159,065.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Park Forest, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Park Forest, IL, is $169,547.00, with the most expensive house in Park Forest, IL, topping out at $22,992,482.00 and the cheapest home in Park Forest, IL, clocking in at $18,308.00. In other words, there’s something for every potential homebuyer or savvy investor in Park Forest, IL!

Rent Prices In Park Forest, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Park Forest, IL, is on a rollercoaster ride. The average rent price in Park Forest, IL, is $1,280.00. Indeed, when looking to rent in Park Forest, IL, you can expect to pay as little as $630.00 or as much as $5,420.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Park Forest, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Park Forest, IL Foreclosures

Market Trend for Park Forest, IL

Total Listings Available: 4

Market Values:

Home Prices from $18,308 to $22,992,482

Average Sales Price: $169,547

Rental Values:

Rental from $630 to $5,420

Average Rent Value: $1,280 / month

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