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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,575,000|
|Per Square Foot||$303|
|Days on Market||175|
|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.
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|