Market Edge Report
Lake Forest, IL
Single-Family Homes
BHHSChicago.com
Lake Forest, IL
Wed Jul 09 2025
This week the median list price for Lake Forest, IL is $2,100,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 53.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $2,100,000 | |
| Median Price of New Listings | $1,212,000 | |
| Per Square Foot | $449 | |
| Average Days on Market | 92 | |
| Median Days on Market | 56 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 21% | |
| Inventory | 53 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,000,000 | 7,101 | 1 - 2.5 acres | 6 | 7 | 24 | 0 | 1 | 126 |
| $2,599,000 | 4,919 | 1 - 2.5 acres | 5 | 5.5 | 44 | 1 | 0 | 63 |
| $1,449,000 | 4,077 | 1 - 2.5 acres | 4 | 3.5 | 39 | 1 | 0 | 49 |
| $1,025,000 | 2,822 | 0.5 - 1 acre | 3 | 3 | 66 | 2 | 5 | 35 |