Current Price

$142,287

1 Month Forecast

â–² $156,600

1-Year Forecast *

â–² $174,605

5-Year Forecast *

â–² $196,475

"Is it a good time to buy homes in Park Forest?" "Does investing in real estate in Park Forest (Illinois State, Cook County) worth it?" According to our live Forecast System, buying a house in Park Forest is a good short-term (1-year) investment*. The Park Forest average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Park Forest" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Park Forest in Illinois State, Cook County. If you are looking for homes for sale with good flipping profit, Park Forest can be a profitable property investment option. The median price of an average house in Park Forest was 142,287 USD on 2026-03-02. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Park Forest" area is 196,475 USD by 2031-03-02. For a 5-year investment the profit is expected to be around +38.08% meaning that investing 100000 USD today may yield a profit of 38,083 USD by 2031.

Current Median Listing Price: 142,287 USD Median Listing Price Per Square Foot: 79 USD

Park Forest Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Park Forest (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Park Forest Price Target

Park Forest median home price target in 12 months: $174,605* (upside of 22.7%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $156,285 $155,034 $155,034 $157,215
2024 $134,623 $142,287 $134,623 $142,287
2023 $139,206 $135,728 $135,728 $139,206
2022 $124,996 $140,435 $124,996 $142,457
2021 $98,484 $121,248 $98,484 $121,248
2020 $83,264 $95,946 $83,264 $95,946
2019 $78,570 $83,085 $78,570 $83,085
2018 $67,055 $77,637 $67,055 $77,637
2017 $53,341 $65,106 $53,341 $65,106
2016 $44,854 $52,448 $44,854 $52,448
2015 $43,552 $44,270 $42,126 $44,270
2014 $43,594 $44,206 $43,594 $45,004
2013 $40,297 $43,480 $40,181 $43,480
2012 $45,867 $40,814 $40,814 $45,867

Questions & Answers about the Park Forest Housing Market Forecast

How much does an average home cost in Park Forest today?

The value of an average home (the listing price) in Park Forest is $142,287 USD.

What is the average price per square foot in Park Forest?

According to Walletinvestor the median price per square foot in Park Forest is 79 USD.

Will the median listing price of homes in Park Forest grow / rise / go up?

Yes. The Park Forest home prices may rise from 142,287 USD to 174,605 USD in one year.

Is it profitable to invest in Park Forest homes?

Yes. The long-term profit potential is +22.71% in one year.

Will Park Forest house prices fall / drop?

No. See above.

What is the predicted price of a Park Forest home in 2030?

The predicted home sales price of a Park Forest home in 2030 in Park Forest is 184,162 USD.

What is the predicted price of a Park Forest home in 2035?

The predicted home sales price of a Park Forest home in 2035 in Park Forest is 221,460 USD.

Will real estate prices decrease in Park Forest?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Park Forest is the 3299. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Cook, Park Forest decreased, looking at the past 12 months.

According to Walletinvestor's Park Forest real estate market research, home values will increase in the next 12 months.

Median home values decreased by 9.495% to 142,287 USD, between 2025-03-02 and 2026-03-02

The average annual profit of property investment was:

  • 20.913% in 2021
  • 21.523% in 2022
  • 21.943% in 2023
  • 24.133% in 2024
  • 21.213% in 2025
  • 21.923% in 2026

Based on our Park Forest real estate market research and report the predicted sales prices will increase by 674.317% in the next 10 years.

Over the last 12 months, the value of homes in Park Forest fluctuated: decreasing 4 times.

Park Forest (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Park Forest Housing Market Forecast with Real Estate Prices for 2025
August 2025 156600 145481 167718
September 2025 158181 148374 167989
October 2025 159779 146198 173360
November 2025 161393 148804 173981
December 2025 163023 153567 172478
Park Forest Housing Market Forecast with Real Estate Prices for 2026
January 2026 164434 155390 173478
February 2026 166049 156418 175680
March 2026 167726 152966 182486
April 2026 169420 153495 185346
May 2026 171131 162061 180201
June 2026 172860 159204 186515
July 2026 174605 160288 188923
August 2026 176369 160672 192066
September 2026 178150 160691 195609
October 2026 179876 167824 191928
November 2026 180867 170196 191538
December 2026 180974 171202 190747
Park Forest Housing Market Forecast with Real Estate Prices for 2027
January 2027 180058 163493 196623
February 2027 179443 161498 197387
March 2027 179015 163799 194231
April 2027 178406 163598 193214
May 2027 177156 162629 191683
June 2027 175915 164305 187525
July 2027 174683 162106 187260
August 2027 174082 159633 188531
September 2027 173563 156728 190399
October 2027 173792 161627 185957
November 2027 174402 161497 187308
December 2027 174918 163199 186638
Park Forest Housing Market Forecast with Real Estate Prices for 2028
January 2028 174559 165307 183810
February 2028 174442 161010 187874
March 2028 173659 159245 188072
April 2028 172981 163467 182495
May 2028 171770 158715 184824
June 2028 171814 160302 183325
July 2028 172512 162334 182690
August 2028 174254 163450 185058
September 2028 176014 163341 188687
October 2028 177792 164280 191304
November 2028 178753 164989 192517
December 2028 179032 165605 192460
Park Forest Housing Market Forecast with Real Estate Prices for 2029
January 2029 179362 165013 193711
February 2029 179932 167517 192348
March 2029 180760 171361 190160
April 2029 181241 168917 193566
May 2029 183072 165314 200830
June 2029 183613 171311 195915
July 2029 184162 170718 197606
August 2029 183937 168486 199387
September 2029 182896 165521 200272
October 2029 181692 166067 197318
November 2029 181607 165444 197770
December 2029 183441 166565 200318
Park Forest Housing Market Forecast with Real Estate Prices for 2030
January 2030 185294 167876 202711
February 2030 187165 177807 196523
March 2030 189055 177523 200588
April 2030 190965 176642 205287
May 2030 192618 182410 202827
June 2030 194510 180116 208904
July 2030 196475 182525 210424
August 2030 198459 184368 212549
September 2030 200463 188435 212491
October 2030 202488 185884 219092
November 2030 204533 190215 218850
December 2030 206598 192136 221060
Park Forest Housing Market Forecast with Real Estate Prices for 2031
January 2031 208685 194286 223084
February 2031 210707 192797 228617
March 2031 211867 198096 225639
April 2031 211993 199274 224713
May 2031 210920 193836 228005
June 2031 210199 196957 223442
July 2031 209698 189148 230249
August 2031 208985 193520 224450
September 2031 207521 195069 219972
October 2031 206067 187727 224407
November 2031 204623 188867 220379
December 2031 203920 183528 224312
Park Forest Housing Market Forecast with Real Estate Prices for 2032
January 2032 203312 187250 219374
February 2032 203580 193401 213759
March 2032 204295 186521 222069
April 2032 204899 192400 217398
May 2032 204478 194050 214907
June 2032 204342 190651 218033
July 2032 203424 191218 215629

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.