Inventory in Park Forest has tightened in this rolling three-month view, with active listings down compared to a year ago even as there are 255 homes on the market. New listings have fallen notably year over year, while homes sold have risen, indicating buyers are absorbing more of what comes up for sale. Pending sales are down from last year, though, suggesting that contract activity has cooled somewhat from prior levels.
Pricing has been moving upward in response to these dynamics. The typical home value is up more than 11 percent year over year, and the median list price has climbed at an even faster pace. Sellers are often achieving strong outcomes, with nearly 37 percent of recent sales closing above list price and the average sale-to-list ratio hovering just under 100 percent.
Time on market has held steady, with a median of 69 days, and months of supply sits around 5.2, aligning with Park Forest’s seller-leaning market gauge. Compared with earlier in the year, homes are selling a bit faster and fewer are lingering at higher inventory levels, even as buyers face higher prices than last year. Agent Pronto can connect buyers who need guidance in this evolving environment and sellers who want to capitalize on current conditions with an agent well suited to their goals.
