How's Chicago's Real Estate Market?
Lake Forest, IL 60045
Single-Family Homes
312-961-6212
Lake Forest, IL 60045
Sat Jun 21 2025
This week the median list price for Lake Forest, IL 60045 is $1,995,000 with the market action index hovering around 45. This is less than last month's market action index of 51. Inventory has held steady at or around 51.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $1,995,000 | |
| Median Price of New Listings | $1,195,000 | |
| Per Square Foot | $463 | |
| Average Days on Market | 85 | |
| Median Days on Market | 49 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 16% | |
| Inventory | 51 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) 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 |
|---|---|---|---|---|---|---|---|---|
| $5,200,000 | 7,781 | 1 - 2.5 acres | 6 | 7.5 | 25 | 0 | 1 | 119 |
| $2,500,000 | 4,919 | 1 - 2.5 acres | 5 | 5.5 | 44 | 1 | 3 | 42 |
| $1,275,000 | 4,077 | 0.25 - 0.5 acre | 4 | 3.5 | 36 | 0 | 1 | 56 |
| $1,088,500 | 2,942 | 0.5 - 1 acre | 4 | 2.8 | 61 | 2 | 4 | 28 |