Altos Market Data for Realtors

Lake Forest, IL

Single-Family Homes

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Lake Forest, IL

Wed Oct 20 2021
This week the median list price for Lake Forest, IL is $1,494,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 116. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Lake Forest, IL

Wed Oct 20 2021
This week the median list price for Lake Forest, IL is $1,494,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 116. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Lake Forest market.
Median List Price $1,494,500
Median Price of New Listings $650,000
Per Square Foot $321
Average Days on Market 194
Median Days on Market 126
Price Decreased 44%
Price Increased 2%
Relisted 15%
Inventory 116
Median Rent $4,950
Market Action 29
Slight Buyer'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
$2,797,000 7,102 1 - 2.5 acres 6 6 91 0 0 196
$1,657,000 4,942 1 - 2.5 acres 5 5 19 0 2 154
$1,289,500 4,200 1 - 2.5 acres 5 4 45 1 2 105
$750,000 2,755 0.25 - 0.5 acre 4 3 55 2 5 91