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Featured local agent — Forest Lakes, AZ
Sarah Mitchell
Compass Real Estate · Forest Lakes, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Forest Lakes, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$399,900median sale price
How is the Forest Lakes, AZ housing market right now?
The median home sale price in Forest Lakes, AZ is $399,900. Homes sell in an average of 25 days with 5 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Forest Lakes a buyer's or seller's market?
Forest Lakes, AZ is currently a balanced market, based on 5.0 months of supply and homes selling in about 25 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
25
Average pace
Active listings
5
5.0 months supply
Sale-to-list
100.0%
Above asking
What does the Forest Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $399,900 |
| Median list price | $999,000 |
| Average days on market | 25 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $397/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 20.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Forest Lakes by property type?
How the Forest Lakes, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $399,900 | $397/sq ft | 1 | 25 days |
Source: Redfin · Updated monthly
The Forest Lakes housing market is currently classified as a balanced market with a median sale price of $399,900. Prices have fallen 0.0% compared to last year, with homes spending an average of 25 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Forest Lakes
There are currently 5 homes listed for sale in Forest Lakes, Arizona. The median listing price is $999K.
Active listings
5
Homes on market
Median list price
$999K
Avg. days on market
25
Days until sale
New this week
1
Newly listed
Who lives in Forest Lakes?
Population
217
Median income
$85,242/yr
Median age
65.1 years
Owner-occupied
91.2%
College grads
54.4%
Source: U.S. Census Bureau ACS
What are homes worth in Forest Lakes?
Zillow home value
$555,594
Price-to-income
6.5x
Source: Zillow Research
What is it like to live in Forest Lakes?
Forest Lakes is a community of approximately 0K residents with a median age of 65.1 years.The median household income is $85,242, which reflects a relatively affluent area with strong earning potential. 54.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.2%, reflecting strong community stability and long-term resident commitment.Overall, Forest Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Forest Lakes, AZ?
Want a head-to-head view? Compare Forest Lakes side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Forest Lakes?
The median home sale price in Forest Lakes is $399,900, down 0.0% from last year.
How long do homes stay on market in Forest Lakes?
Homes typically spend 25 days on market before going under contract.
What is the median income in Forest Lakes?
The median household income is $85,242 per year.
Is Forest Lakes a buyer's or seller's market?
With 5.0 months of supply, Forest Lakes is currently a balanced market.
What is the Zillow home value estimate for Forest Lakes?
The Zillow Home Value Index (ZHVI) for Forest Lakes is $555,594, representing the typical home value in the area.
How much does a single-family home cost in Forest Lakes?
The median single-family home price in Forest Lakes, AZ is $399,900 (about $397 per square foot).
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