River Forest Real Estate
Market Report

The River Forest single-family market stayed firm through August 2026. The trailing 12-month median sales price reached $962,500, up 3.2% from a year earlier, a slower pace than the 4.4% recorded three months back. The average reached $1,114,685, up 7.7%, well above the median because estate-level sales pull it higher. Average market time held at 31 days and months supply sits at a lean 1.2 months. The attached segment moved the other way. Average prices eased 4.6% to $312,474, the median slipped 0.9% to $280,000, and months supply stands at 1.9.

River Forest detached single-family prices are still rising, though growth has moderated. The trailing 12-month median sales price reached $962,500 as of August 2026, up 3.2% year over year, against 4.4% three months earlier. The average sales price reached $1,114,685, up 7.7% and up 27.4% since January 2023. The gap between the two reflects estate-level sales at the top of the market pulling the average higher. The median is the better guide to what a typical River Forest home sells for. Average price per square foot rose 6.9% year over year to $371, a period high.

The River Forest attached market, meaning condos and townhomes, softened over the past year. The trailing 12-month median sales price eased 0.9% to $280,000 as of August 2026, and the average fell 4.6% to $312,474. Price per square foot slipped 3.1% to $216. Average market time improved slightly to 52 days, down 1.9%, and new listings fell 9.8% year over year. River Forest attached inventory is small, so these figures swing more than in larger markets. the trailing 12-month view smooths out much of that noise.

Detached single-family homes in River Forest are selling quickly. The trailing 12-month average market time was 31 days as of August 2026, down 3.1% from a year earlier, and well-priced, well-presented homes often go faster than that. Attached properties take longer, averaging 52 days on a trailing 12-month basis, down 1.9% year over year, though this varies significantly by price point and condition.

River Forest remains a seller's market for detached single-family homes. Months supply sits at 1.2, well below the 3-month threshold that defines a seller's market, and homes are selling in about a month on average. That said, inventory has ticked up modestly from its late-2024 lows in both segments, so buyers have slightly more to choose from than a year ago. The attached segment is more balanced, with months supply at 2.0 and longer average market times. In either segment, buyers benefit from working with an experienced local broker who knows how to compete effectively.

This report tracks River Forest's two primary residential property segments separately because they serve different buyer profiles and behave differently in the market. Single-family (detached) homes are standalone houses on their own lots. Attached single-family properties, condos, townhomes, and row homes, share walls or common elements with neighboring units. River Forest's attached segment is relatively small, so its month-to-month readings fluctuate. The trailing 12-month figures used throughout this report provide a more reliable trend view.

This River Forest real estate market report is updated monthly with the latest data from MRED (Midwest Real Estate Data), the regional MLS. Each update includes a refreshed market summary and updated interactive charts, plus Scott Berg's video commentary when available. Charts and tables refresh automatically each week. Data is sourced from InfoSparks by ShowingTime and is deemed reliable but not guaranteed.