How's Chicago's Real Estate Market?
Lake Forest, IL 60045
Single-Family Homes
312-961-6212
Lake Forest, IL 60045
Sat Oct 24 2026
This week the median list price for Lake Forest, IL 60045 is $2,525,000 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has increased to 50.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $2,525,000 | |
| Median Price of New Listings | $1,457,500 | |
| Per Square Foot | $445 | |
| Average Days on Market | 117 | |
| Median Days on Market | 81 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 50 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift in the Market Action Index before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $4,900,000 | 7,019 | 1 - 2.5 acres | 6 | 6.5 | 25 | 0 | 1 | 70 |
| $2,922,500 | 6,244 | 1 - 2.5 acres | 5 | 6 | 34 | 0 | 0 | 115 |
| $2,299,000 | 5,752 | 1 - 2.5 acres | 5 | 5.5 | 37 | 1 | 1 | 56 |
| $998,000 | 2,385 | 0.25 - 0.5 acre | 4 | 2.8 | 71 | 3 | 1 | 28 |