Single-Family Homes
Thu Dec 26 2024
This week the median list price for Lake Forest, IL is $1,875,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 39.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $1,875,000 | |
Median Price of New Listings | $458,888 | |
Per Square Foot | $401 | |
Average Days on Market | 108 | |
Median Days on Market | 105 | |
Price Decreased | 36% | |
Price Increased | 0% | |
Relisted | 26% | |
Inventory | 39 | |
Median Rent | ||
Market Action | 32 | |
Slight Seller's Advantage |
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$7,000,000 | 11,416 | 2.5 - 5 acres | 8 | 9.5 | 104 | 0 | 2 | 98 |
$2,797,450 | 5,701 | 1 - 2.5 acres | 5 | 6 | 26 | 0 | 1 | 147 |
$1,474,500 | 4,280 | 0.5 - 1 acre | 5 | 4 | 35 | 0 | 2 | 126 |
$897,000 | 2,544 | 0.5 - 1 acre | 4 | 2.5 | 53 | 1 | 3 | 59 |