Forest Lake, IL
Housing market overview · Updated weekly
$380,000median sale price
Homes sold
3
Last 12 weeks
Days on market
128
Average pace
Active listings
8
2.7 months supply
Sale-to-list
100.4%
Above asking
The Forest Lake housing market is currently classified as a seller's market with a median sale price of $380,000. Prices have fallen 10.8% compared to last year, with homes spending an average of 128 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Forest Lake
There are currently 8 homes listed for sale in Forest Lake, Illinois. The median listing price is $383K.
Active listings
8
Homes on market
Median list price
$383K
Avg. days on market
128
Days until sale
New this week
3
Newly listed
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Frequently asked questions
What is the average home price in Forest Lake?
The median home sale price in Forest Lake is $380,000, down 10.8% from last year.
How long do homes stay on market in Forest Lake?
Homes typically spend 128 days on market before going under contract.
Is Forest Lake a buyer's or seller's market?
With 2.7 months of supply, Forest Lake is currently a seller's market.
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