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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|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|
|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.
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|