Altos Market Data for Realtors

Lake Forest, IL

Single-Family Homes

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Lake Forest, IL

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. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Lake Forest, IL

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. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Lake Forest market.
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
Price Decreased 37%
Price Increased 2%
Relisted 18%
Inventory 127
Median Rent $2,950
Market Action 29
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.

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
$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