Park Forest (Will County) home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Park Forest in Will County rose by $15,300 while total sales increased by 21.4%, according to

From July through September of 2020, there were 17 homes sold, with a median sale price of $84,900 - a 22% increase over the $69,600 median sale price for the same period of the previous year. There were 14 homes sold in Park Forest in the third quarter of 2019.

The median sales tax in Park Forest for the most recent year with available data, 2019, was $4,577, approximately 5.4% of the median home sale price for the third quarter of 2020.

The following table compares Park Forest to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Lincoln Estates330%$160,000$299,900-46.6%
Lakewood Shores28-75%$157,500$201,500-21.8%
Ingalls Park516-68.8%$136,000$112,20021.2%
University Park1427-48.1%$123,250$105,00017.4%
Park Forest171421.4%$84,900$69,60022%
* This story only considers sales data for the part of Park Forest that is in Will County.

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