Tue Sep 21 2021
This week the median list price for Lake Forest, IL is $1,450,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has increased to 127.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,450,000|
|Median Price of New Listings||$1,545,000|
|Per Square Foot||$315|
|Average Days on Market||166|
|Median Days on Market||98|
|Slight Buyer's Advantage|
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,875,000||7,102||1 - 2.5 acres||6||6||91||4||1||168|
|$1,647,000||5,314||1 - 2.5 acres||5||4||22||1||0||129|
|$1,192,000||4,069||0.5 - 1 acre||5||4||35||2||1||66|
|$764,750||2,731||0.25 - 0.5 acre||4||3||53||3||2||63|