Lake Forest, IL Home Values & Market Trends
Real estate market trends reflect that there have been 354 transactions over the past year in Lake Forest. The median value for residential home transactions that occurred over the previous year is $1,303,323. The number of current listings in Lake Forest is 250, and the percentage of properties for sale in the city is 250.00%. Lake Forest, IL currently has 16 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 250 properties for sale.
Lake Forest, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60045 | $ 1,298,108 $ 419/sqft |
Housing Market Summary for Lake Forest, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $1.5M | $1.4M | -10.71% |
| Median Sold Price | $1.2M | $1.2M | 2.94% |
| Homes For Sale | 245 | 245 | - |
| Homes Sold | 165 | 182 | 10.30% |
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 $204,252 to $12,999,000. The median estimated value of a home in Lake Forest is $1,303,323. The median list price of a home is 1,349,500, and the total count of properties in the city is 468.
- Pre-ForeclosurePre-foreclosure homes account for 3.21% of all residential properties in Lake Forest, IL with 60045 containing 15 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 $12,999,000 in 60045 to the lowest home value of $633,884 in 60045.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake Forest, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Lake Forest, IL. There is 1 zips within Lake Forest, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60045 has 1 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 0.21% 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 $1,695,324 in 60045 to the lowest value of $1,695,324 in 60045.
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Guide for Lake Forest, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
