Lake Forest, IL
Housing market overview · Updated weekly
$1.02Mmedian sale price
Homes sold
15
Last 12 weeks
Days on market
98
Average pace
Active listings
68
4.5 months supply
Sale-to-list
100.1%
Above asking
The Lake Forest housing market is currently classified as a balanced market with a median sale price of $1.02M. Prices have fallen 7.1% compared to last year, with homes spending an average of 98 days on market, indicating 4.5 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 Lake Forest
There are currently 68 homes listed for sale in Lake Forest, Illinois. The median listing price is $1.4M.
Active listings
68
Homes on market
Median list price
$1.4M
Avg. days on market
98
Days until sale
New this week
38
Newly listed
Explore nearby cities in IL
Frequently asked questions
What is the average home price in Lake Forest?
The median home sale price in Lake Forest is $1.02M, down 7.1% from last year.
How long do homes stay on market in Lake Forest?
Homes typically spend 98 days on market before going under contract.
Is Lake Forest a buyer's or seller's market?
With 4.5 months of supply, Lake Forest is currently a balanced market.
Get Lake Forest market alerts
Weekly updates on prices, inventory, and trends. Free forever.