Real Estate Market Update for Forest Park, IL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 53% from one year earlier, and up 4% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 31%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 310-thousand dollars. The number of units sold decreased 11% year-over-year, and increased 33% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Forest Park, IL

Area Information for Forest Park, IL
  • Population: 13,937
  • Median Age: 42.02 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 5,802/sq mi
  • Population Change Since 2000: -11.16%
  • Closest Airport: Chicago Midway International
  • Closest College: Concordia University
  • Closest Jr. College: Triton College
  • Median Household Income: $60,229
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $159,500
  • Closest Major Sports Team: Chicago Bulls
  • Change Avg. Household Income Since 2000: 52.63%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Forest Park, IL
Median Age: 42.02 Married: 28% Number of Households: 7,050 Households with Children: 1,020
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Forest Park, IL

      School Name Distance Type Grades School Rating
      Field Stevenson Elementary School 0.2 mi Public 3-5 3
      Forest Park Middle School 0.2 mi Public 6-8 1
      Garfield Elementary School 0.4 mi Public PRESCHOOL-2 0
      Montessori Language Academy 0.7 mi Private PRESCHOOL-K 0
      Betsy Ross Elementary School 0.8 mi Public K-2 0
      Grant-white Elementary School 0.9 mi Public 3-5 3
      Proviso Math And Science Academy 1.0 mi Public 9-12 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Forest Park, IL
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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