Altos Market Data for Realtors

Lake Forest, IL

Single-Family Homes

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Lake Forest, IL

Tue May 30 2023
This week the median list price for Lake Forest, IL is $1,599,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 51. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Lake Forest, IL

Tue May 30 2023
This week the median list price for Lake Forest, IL is $1,599,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 51. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Lake Forest market.
Median List Price $1,599,000
Median Price of New Listings $859,900
Per Square Foot $380
Average Days on Market 122
Median Days on Market 42
Price Decreased 16%
Price Increased 0%
Relisted 8%
Inventory 51
Median Rent
Market Action 38
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general 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
$3,542,500 9,091 1 - 2.5 acres 6 8.3 91 0 2 42
$2,195,000 4,726 0.5 - 1 acre 5 4.5 25 0 2 49
$1,354,900 3,247 0.25 - 0.5 acre 4 3.5 29 1 1 133
$839,000 2,742 0.5 - 1 acre 4 2.5 55 4 2 21