Is Forrest, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Forrest has remained a Seller's Market.
Housing Prices in Forrest, IL
How much do homes in Forrest, IL cost?
Median Sold Price
$116,500
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Forrest was $116,500 in May 2024, down 8.3% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51K | - | N/A |
2 Bedrooms | $127K | $125K | -1.6% |
3 Bedrooms | $152K | $99.9K | -34.3% |
4 Bedrooms | $41K | $160K | +290.2% |
5+ Bedrooms | $291K | $200K | -31.3% |
Summary: Forrest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 34.3%, 4 bedroom homes increased by 290.2%, and 5+ bedroom homes decreased by 31.3%.
Median Sold Price Compared To Nearby Cities
Forrest | $127K | $116.5K | -8.3% |
Forrest Township | $138.5K | $116.5K | -15.9% |
Housing Supply in Forrest, IL
How many homes are available in Forrest, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Summary: The Forrest real estate market had 3 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forrest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Forrest in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Forrest, IL
How long does it take to sell a home in Forrest, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 98 Days | +308.3% |
Summary: Homes in Forrest had an average of 98 days on market in May 2024, up by 308.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Forrest; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.