River Forest
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River Forest Real Estate
River Forest is an affluent suburb with some of the highest property values in the Chicagoland area. The average home sale price was $825,000 in 2006, with an average market time of around 70 days. Single family homes here range from the mid $300,000s for a three or four bedroom frame house to two- or three-million-dollar McMansions with five bedrooms, professionally landscaped yards and luxury amenities. There is also an inventory of attached residential real estate in River Forest that includes condos, duplexes and townhouses. These properties range from $75,000 for a basic one-bedroom courtyard unit to the high $700,000s for upmarket new developments with deluxe features and great locations.
With a wealth of turn-of-the-century houses as well as more recently constructed subdivisions and estates, River Forest housing is varied in style and options, giving home buyers their choice of first-rate investment opportunities. One of the most notable properties in River Forest is the Winslow House. This home, designed by Frank Lloyd Wright and built in 1893, showcases many of the architect's trademark features that would later appear in his Prairie Style design. Known as Wright's inaugural effort to change the face of residential architecture, this treasured example of his work is a toned-down version of his later homes in the area, such as the Chauncey Williams House (1895) and the Arther Davenport House (1901). Winslow is still a private dwelling, and unfortunately, many of Wright's other designs in River Forest have been torn down over the years.
River Forest market trends
Average sales price
The average sale price of a home in River Forest is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on River Forest sign up for the trends report below or contact your Dream Town broker.
Average market time
The average number of days a home in River Forest spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in River Forest sign up for the trends report below or contact your Dream Town broker.
Sales price vs. list price
The average sale price of a home compared to its listing price in River Forest is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on River Forest sign up for the trends report below or contact your Dream Town broker.
Number of listings
The total number of listings in River Forest is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on River Forest sign up for the trends report below or contact your Dream Town broker.