Market Edge Report

Lake Forest, IL

Single-Family Homes

BHHSChicago.com



Lake Forest, IL

Fri May 09 2025
This week the median list price for Lake Forest, IL is $2,500,000 with the market action index hovering around 35. This is an increase over last month's market action index of 31. Inventory has increased to 49. Click here to stay informed with the Lake Forest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Lake Forest, IL

Fri May 09 2025
This week the median list price for Lake Forest, IL is $2,500,000 with the market action index hovering around 35. This is an increase over last month's market action index of 31. Inventory has increased to 49. Click here to stay informed with the Lake Forest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Lake Forest market.
Median List Price $2,500,000
Median Price of New Listings $2,037,500
Per Square Foot $426
Average Days on Market 101
Median Days on Market 49
Price Decreased 24%
Price Increased 0%
Relisted 20%
Inventory 49
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$5,825,000 11,208 2.5 - 5 acres 6 9.3 60 0 0 238
$3,174,500 6,456 1 - 2.5 acres 5 6 30 1 0 49
$1,986,125 4,802 1 - 2.5 acres 5 5.8 38 4 2 17
$1,249,000 4,008 1 - 2.5 acres 5 3.5 50 1 2 28