The Park Forest housing market is somewhat competitive. The median sale price of a home in Park Forest was $355K last month, down 2.7% since last year. The median sale price per square foot in Park Forest is $210, down 13.9% since last year.
What is the housing market like in Park Forest today?
In March 2024, Park Forest home prices were down 2.7% compared to last year, selling for a median price of $355K. On average, homes in Park Forest sell after 44 days on the market compared to 17 days last year. There were 18 homes sold in March this year, up from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$355,000
-2.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Park Forest, TX
$355,000
-2.7%
United States
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How hot is the Park Forest housing market?
Park Forest is somewhat competitive. Homes sell in 41.5 days.
0
100
52
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 42 days.
Hot homes
can sell for around list price and go pending in around 25 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.2%
-1.3 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Park Forest, TX
99.2%
-1.3 pt
United States
Home offer insights for Park Forest
Explore recent offers and recently sold homes in Park Forest
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Park Forest housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Park Forest.
Risk Factor
Flood Factor - Moderate
3% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Park Forest has a moderate risk of flooding. 23 properties in Park Forest are likely to be
severely affected
by flooding over the next 30 years. This represents 3% of all properties in Park Forest. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Park Forest has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Park Forest is most at risk from hurricanes. 1,500 properties in Park Forest have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 77 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 79 mph.