How's Chicago's Real Estate Market?

Lake Forest, IL 60045

Single-Family Homes

312-961-6212


Lake Forest, IL 60045

Sun Aug 31 2025
This week the median list price for Lake Forest, IL 60045 is $1,997,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 48. 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 Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Lake Forest, IL 60045

Sun Aug 31 2025
This week the median list price for Lake Forest, IL 60045 is $1,997,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 48. 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 Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Lake Forest market.
Median List Price $1,997,000
Median Price of New Listings $1,249,000
Per Square Foot $381
Average Days on Market 105
Median Days on Market 56
Price Decreased 29%
Price Increased 2%
Relisted 15%
Inventory 48
Median Rent
Market Action 38
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$3,999,000 7,101 1 - 2.5 acres 6 6.5 24 0 0 161
$2,674,500 5,590 1 - 2.5 acres 5 5.5 37 0 1 42
$1,487,000 4,547 1 - 2.5 acres 5 4 34 2 3 52
$967,500 2,784 0.25 - 0.5 acre 4 2.8 50 1 1 35