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Lincoln Station Lincoln Terrace (Lincoln Terr) Old Mattteson (Downtown)

RICHTON PARK, IL 60471

Real Estate Market Report  ·  Cook County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60471

Lincoln Station · Lincoln Terrace (Lincoln Terr) · Old Mattteson (Downtown)

Market Analysis

Data as of March 2026. Source: Realtor.com.

The RICHTON PARK, IL real estate market (60471) currently shows 50 active listings, with 20 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 51 days last year.

The median listing price has risen 7% year-over-year, from $230,750 to $246,850.

Whether you are buying or selling in RICHTON PARK, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 13,237  ·  Density: 1,287.8/mi²  ·  Median household income: $71,432

Typical home value: $184,562  ·  Homeownership: 49.0%

Market Overview

Active Listings
50
⇧ 19% vs 42 last year
Pending
20
40% pending ratio
Median Price
$246,850
⇧ 7% vs $230,750 last year
Average Price
$277,506
⇧ 20% vs $231,279 last year
Days on Market
62
⇧ 21.6% vs 51 days last year

Price Per Square Foot

Median $/sqft
$156
⇩ 0.6% vs $157/sqft last year
Median Home Size
1,818 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 42 last year
  • Days on market: 62 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $246,850 (+7% YoY)
  • Average: $277,506 (+20% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.5 miles — 765 listings ($230,533,410 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60471Richton Park, IL 604710.0 mi60$17,948,280$266,250$299,138
60466Park Forest, IL 604662.4 mi152$25,183,968$159,925$165,684
60461Olympia Fields, IL 604613.3 mi14$5,048,316$377,400$360,594
60449Monee, IL 604495.0 mi27$11,315,835$347,175$419,105
60475Steger, IL 604755.3 mi43$8,999,169$179,929$209,283
60430Homewood, IL 604306.4 mi108$26,318,952$239,225$243,694
60477Tinley Park, IL 604777.1 mi118$38,314,246$305,000$324,697
60425Glenwood, IL 604257.6 mi46$9,859,916$216,250$214,346
60417Crete, IL 604177.9 mi83$31,456,253$314,975$378,991
60476Thornton, IL 604768.9 mi14$3,244,094$223,725$231,721
60448Mokena, IL 604489.4 mi62$43,586,744$508,675$703,012
60445Midlothian, IL 6044510.2 mi33$8,121,762$246,225$246,114
60469Posen, IL 6046910.5 mi5$1,135,875$234,500$227,175

Frequently Asked Questions

How many homes are for sale in RICHTON PARK, IL 60471?

As of March 2026, there are 50 active listings in RICHTON PARK, IL (zip code 60471), compared to 42 the prior year.

What is the median home price in RICHTON PARK, IL 60471?

The median listing price in RICHTON PARK, IL 60471 is $246,850 as of March 2026, a 7% increase from $230,750 the prior year.

How long do homes stay on the market in RICHTON PARK, IL?

Homes in RICHTON PARK, IL 60471 spend an average of 62 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in RICHTON PARK, IL 60471?

Based on current inventory and days-on-market data as of March 2026, RICHTON PARK, IL 60471 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 62 days on market compared to 51 days last year.

How much can I save on real estate commission in RICHTON PARK, IL?

With SELL123.com's maximum 3% commission, sellers in RICHTON PARK, IL 60471 save an estimated $4,937 compared to a typical 5% commission on the median listing price of $246,850. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.