Park Forest, IL housing market
The typical Park Forest home is worth about $161,000, up 5.1% in a year, 46% below the Illinois typical home. Homes typically sell in 78 days, close to asking.
Home values, sales, trends and how Park Forest compares with the towns next door — updated as new data is published.
Park Forest at a glance
A buyer's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Park Forest | Illinois |
|---|---|---|
| 2017 | $58,000 | $181,000 |
| 2018 | $72,000 | $190,000 |
| 2019 | $85,000 | $195,000 |
| 2020 | $90,000 | $200,000 |
| 2021 | $106,000 | $215,000 |
| 2022 | $135,000 | $236,000 |
| 2023 | $150,000 | $248,000 |
| 2024 | $145,000 | $263,000 |
| 2025 | $154,000 | $278,000 |
| 2026 | $155,000 | $290,000 |
| August 2026 | $161,000 | $298,000 |
Park Forest and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Park Forest | $161K | +5.1% | 78 | $61,072 |
| University Park | $198K | +2.9% | 90 | $73,844 |
| Matteson | $276K | +4.6% | 64 | $95,457 |
| Richton Park | $230K | +7.3% | 56 | $64,554 |
| Olympia Fields | $348K | +5.3% | — | $123,875 |
| Chicago Heights | $178K | +2.5% | 80 | $54,798 |
| Monee | $355K | +3.1% | — | $84,953 |
2.6 years of income
The typical Park Forest home costs about 2.6 years of the town's median household income, less than across Illinois (3.6 years).
How Park Forest ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.