How's Chicago's Real Estate Market?
Lake Forest, IL 60045
Single-Family Homes
312-961-6212
Lake Forest, IL 60045
Thu Mar 05 2026
This week the median list price for Lake Forest, IL 60045 is $1,950,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Real-Time Market Profile
| Median List Price | $1,950,000 | |
| Median Price of New Listings | $1,499,000 | |
| Per Square Foot | $454 | |
| Average Days on Market | 154 | |
| Median Days on Market | 98 | |
| Price Decreased | 10% | |
| Price Increased | 0% | |
| Relisted | 23% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $6,250,000 | 7,430 | 1 - 2.5 acres | 6 | 7.5 | 18 | 1 | 0 | 346 |
| $2,699,450 | 5,946 | 1 - 2.5 acres | 4 | 4.8 | 37 | 0 | 0 | 178 |
| $1,575,000 | 4,149 | 0.5 - 1 acre | 5 | 3.5 | 44 | 3 | 1 | 28 |
| $975,000 | 2,025 | 6,500 - 8,000 sqft | 3 | 2.5 | 65 | 1 | 2 | 98 |