Is Park Forest, IL 60466 a buyer’s or seller’s market?

The Park Forest housing market right now

In the three months ending August 31, 2026, 38% of homes in Park Forest, IL 60466 sold above their list price, the typical home went under contract in 68 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 87 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold about as fast and the median sale price rose 11% to $164,929. Overall, Park Forest is more competitive than a year ago, so tougher for buyers.

Within Cook County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Park Forest ranks #398 of 464 IL ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.