Is Forrest, IL 61741 a buyer’s or seller’s market?
Forrest is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Forrest housing market right now
In the three months ending August 31, 2026, 0% of homes in Forrest, IL 61741 sold above their list price, the typical home went under contract in 55 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (48 days then) and the median sale price rose 39% to $247,593. Overall, Forrest is less competitive than a year ago, which gives buyers more room.
Within Livingston County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Dwight 60420 (33% sold over asking) and Cornell 61319 (33% sold over asking) are even more competitive.
Run the numbers for 61741
Nearby markets
Ancona 61311 — /sq ftBlackstone 61313 — /sq ftChatsworth 60921Buyer’s market $83 /sq ftCornell 61319Balanced $114 /sq ft Browse all markets →Towns like Forrest nearby
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Questions about Forrest real estate
Is Forrest a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Forrest, IL 61741 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Forrest?
The typical home went under contract in 55 days in the latest three months.
Do homes in Forrest sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Forrest?
About 2.05% of a home’s value a year in Livingston County, or roughly $8,200 on a $400,000 home.
What is the median home price in Forrest?
The median sale price was $247,593 in the three months ending August 31, 2026, about $99 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology