Lake Forest, IL Home Values & Market Trends
Real estate market trends reflect that there have been 403 transactions over the past year in Lake Forest. The median value for residential home transactions that occurred over the previous year is $888,206.52. The number of current listings in Lake Forest is 11, and the percentage of properties for sale in the city is 11.00%. Lake Forest, IL currently has 11 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 11 properties for sale.
Lake Forest, IL Real Estate Market Overview
Zip | Median Est. Value |
---|---|
60045 | $ 811,585 $ 304/sqft |
Housing Market Summary for Lake Forest, IL
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $1.1M | $907.9K | -21.05% |
Median Sold Price | $918.5K | $907.9K | -1.15% |
Homes For Sale | 15 | 13 | -13.33% |
Homes Sold | 277 | 281 | 1.44% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lake Forest, IL
Browse Homes in Lake Forest, IL
Lake Forest home values range from $108,078 to $14,977,231. The median estimated value of a home in Lake Forest is $888,206.52. The median list price of a home is 721,900, and the total count of properties in the city is 7,424.
- Pre-ForeclosurePre-foreclosure homes account for 0.08% of all residential properties in Lake Forest, IL with 60045 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lake Forest, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $2,007,275 in 60045 to the lowest home value of $826,994 in 60045.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake Forest, IL ranges from the highest value of $667,258 in 60045 to the lowest value of $667,258 in 60045. Bank owned homes and properties account for 0.01% of properties in Lake Forest, IL. There is 1 zips within Lake Forest, IL; 60045 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60045 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Lake Forest, IL. Auction homes and other auction properties account for 0.05% of all properties in Lake Forest, IL. There is 1 zips within Lake Forest, IL; of that zips, the median estimated home value for homes going to auction ranges from $1,878,279 in 60045 to the lowest value of $867,558 in 60045.
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