How's Chicago's Real Estate Market?

Lake Forest, IL 60045

Single-Family Homes

312-961-6212



Lake Forest, IL 60045

Fri Feb 26 2021
This week the median list price for Lake Forest, IL 60045 is $1,575,000 with the market action index hovering around 33. This is less than last month's market action index of 38. Inventory has held steady at or around 119. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Lake Forest, IL 60045

Fri Feb 26 2021
This week the median list price for Lake Forest, IL 60045 is $1,575,000 with the market action index hovering around 33. This is less than last month's market action index of 38. Inventory has held steady at or around 119. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Lake Forest market.
Median List Price $1,575,000
Per Square Foot $303
Days on Market 175
Price Decreased 24%
Price Increased 3%
Relisted 20%
Inventory 119
Median Rent
Most Expensive $6,995,000
Least Expensive $395,000
Market Action 33
Slight Seller's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$2,895,000 7,618 1 - 2.5 acres 5 7 71 2 1 161
$1,922,500 5,675 1 - 2.5 acres 5 5 32 1 2 199
$1,287,000 4,790 1 - 2.5 acres 5 4 47 3 1 175
$767,450 3,189 0.5 - 1 acre 4 3 53 2 7 136