How's Chicago's Real Estate Market?
Lake Forest, IL 60045
Single-Family Homes
312-961-6212
Lake Forest, IL 60045
Fri Apr 25 2025
This week the median list price for Lake Forest, IL 60045 is $2,037,500 with the market action index hovering around 33. This is about the same as last month's market action index of 33. 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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $2,037,500 | |
| Median Price of New Listings | $1,572,000 | |
| Per Square Foot | $442 | |
| Average Days on Market | 101 | |
| Median Days on Market | 35 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 50 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,825,000 | 11,208 | 2.5 - 5 acres | 6 | 9.3 | 60 | 0 | 0 | 224 |
| $3,172,500 | 6,499 | 1 - 2.5 acres | 5 | 6 | 30 | 1 | 3 | 35 |
| $1,675,000 | 4,077 | 1 - 2.5 acres | 5 | 4 | 38 | 3 | 1 | 21 |
| $1,030,000 | 3,105 | 1 - 2.5 acres | 4 | 3.5 | 50 | 2 | 4 | 28 |