Lake Forest, IL Real Estate Market Summary – September 7, 2026
In Lake Forest, IL, the real estate market saw 27 homes sold in the last 30 days, equating to an average pace of 1 sale every 1.11 days. The average home sold had a living area of approximately 3,675 square feet and a median sale price of $1,500,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 27 |
| Sold Per Day | 1 every 1.11 days |
| Average SQFT | 3675 |
| Median Sales Price | $1,500,000 |
| Average Sales Price | $1,609,510 |
| Average Price Per SQFT | $443 |
| Average Days on Market | 20 |
| Average Year Built | 1978 |
Lake Forest, IL Single Family Home Analysis
In the single-family segment, 21 homes were sold, with an average living area of 4,018 square feet and a median sale price of $1,650,000. Homes in this category were on the market for an average of about 20 days before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 21 |
| Sold Per Day | 1 every 1.43 days |
| Average SQFT | 4018 |
| Median Sales Price | $1,650,000 |
| Average Sales Price | $1,768,524 |
| Average Price Per SQFT | $447 |
| Average Days on Market | 20 |
| Average Year Built | 1973 |
Lake Forest, IL Condo & Townhome Analysis
The condo and townhome market had 5 sales, with an average living area of 2,400 square feet and a median sale price of $972,000. These properties had an average market duration of 22.5 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 5 |
| Sold Per Day | 1 every 6.00 days |
| Average SQFT | 2401 |
| Median Sales Price | $972,000 |
| Average Sales Price | $993,554 |
| Average Price Per SQFT | $416 |
| Average Days on Market | 23 |
| Average Year Built | 2001 |
Buyer & Seller Analysis
- An average of 0.9 homes were sold per day across the market.
- Single-family homes had an average market duration of 20 days.
- Condo and townhome sales occurred at a pace of 1 every 6.00 days.
- Price data reflects market conditions as the state does not disclose sale prices.
- A total of 27 homes were sold across all segments.
Conclusion
Overall, the Lake Forest market shows a steady trend in home sales with a consistent average sale price indicative of the area’s property values. The data reflects a stable environment for both single-family homes and condos.