River Forest Real Estate Market Update April 2018

Real Estate In River Forest is a balanced market favoring buyers. There is significant amount of homes for sale in River Forest, and buyers are not in a rush to buy yet. There is a 6.91 months supply of inventory on the market in River Forest on April 30, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in River Forest last month was 56 days.
It took on average 92 days to sell River Forest Condo, Townhouse or a Duplex.
The number of home sales in River Forest from March 1, 2018 through March 31, 2018 was 15 units. That is 1% above the number of homes sold last month in River Forest.

The average price per square foot in the area is now $149/Sq.Ft, which is 29% a decline from last month.

In River Forest there were 6 units sold in March in the price range between $80,000 – $250,517 with an average of 1.8 bedrooms and 1.3 bathrooms and average Square footage of 1,300SF.

In River Forest there were 6 units sold in March in the price range between $250,518 – $658,016 with an average of 3.7 bedrooms and 2.6 bathrooms and average Square footage of 2,375SF.

In River Forest there were 3 units sold in March in the price range between $658,017 – $895,000 with an average of 3.7 bedrooms and 2.4 bathrooms and average Square footage of 3,150SF.

The low price range had the most activity. Homes up to $250,517 were on the market on average 108 days and sold an average of $150,333.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in River Forest. Search all River Forest homes for Sale on propertyup.com If you are considering viewing River Forest, you may want to do so now!

River Forest

Feb 1, 2018 – Feb 28, 2018

Mar 1, 2018 – Mar 31, 2018

Month

February

March

Average Listing Price

$745,333

$746,825

Median Sales Price

$583,727

$421,033

Month supply of inventory

5.4

6.9

Market Time Detached

45 days

56 days

Market Time Attached

41 days

92 days

Inventory

98 properties

126 properties

Low price range

$95,000 – $339,364

$80,000 – $250,517

Low price range market time

53 days

108 days

Low price range units sold

3

6

Low price range bedrooms

2.7

1.8

Low price range bathrooms

1.1

1.3

Low price range approx sqft

1,167 SF

1,300 SF

Mid price range

$339,365 – $1,173,113

$250,518 – $658,016

Mid price range market time

46 days

27 days

Mid price range units sold

7

6

Mid price range bedrooms

4.3

3.7

Mid price range bathrooms

3.2

2.6

Mid price range approx sqft

2,651 SF

2,375 SF

High price range

$1,173,114 – $1,762,500

$658,017 – $895,000

High price range market time

1 days

98 days

High price range units sold

1

3

High price range bedrooms

5

3.7

High price range bathrooms

4.2

2.4

High price range approxsqft

5,000 SF

3,150 SF

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