Market Edge Report

Lake Forest, IL

Single-Family Homes

BHHSChicago.com



Lake Forest, IL

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. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Lake Forest, IL

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. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Lake Forest market.
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.

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
$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