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Lake Forest, IL Real Estate & Property Data

Lake Forest Real Estate Market Trends

Last Updated: April 30, 2024

Accurate and comprehensive real estate data is critical for insight into Lake Forest, IL. ATTOM’s Lake Forest real estate data is updated daily, and current market trends show that in Lake Forest, IL a total of 404 residential properties have sold over the past year. With a median home price of $1,405,000 in Lake Forest. Get detailed property data for Lake Forest, IL instantly. ATTOM is your one-stop-shop for the Lake Forest property reports and real estate data you need in Lake Forest, IL.

Lake Forest Real Estate Market Trends

Get property data for any address in Lake Forest, IL or the country:

Total Residential Properties 7,541

Total Commercial Properties 326

Avg. Home Age (Single Family Home) 53 Years

Avg. Square Feet (Single Family Home) 3,334

Total 2024 Residential Sales (year-to-date) 83

% of Homes Seriously Underwater (Q2 2024) 1.07%

Total 2023 Residential Sales 359

% of Equity Rich Homes (Q2 2024) 41.47%

Effective 2023 Property Tax 1.5%

Total Foreclosure Filings (year-to-date) 1

Lake Forest, IL Real Estate Overview

There were 404 residential properties sold in the past year in Lake Forest, IL. The median home value in Lake Forest, IL is $992,671. There are a total of 7,541 residential properties in the Lake Forest.

Median Sales Price i

$1,405,000

(Mar 2024)

+75.6%

year-over-year

y-o-y

March '24 Mar '24 $1,405,000
February '24 Feb '24 $1,082,500
January '24 Jan '24 $865,000
December '23 Dec '23 $1,167,500
November '23 Nov '23 $1,005,000
October '23 Oct '23 $905,000
September '23 Sep '23 $982,500
August '23 Aug '23 $995,000
July '23 Jul '23 $980,000
June '23 Jun '23 $850,000
May '23 May '23 $929,000
April '23 Apr '23 $736,000

Median Down Payment i

$360,288

(Mar 2024)

+57.9%

year-over-year

y-o-y

March '24 Mar '24 $360,288
February '24 Feb '24 $386,887
January '24 Jan '24 $136,725
December '23 Dec '23 $260,000
November '23 Nov '23 $264,400
October '23 Oct '23 $271,500
September '23 Sep '23 $282,700
August '23 Aug '23 $248,000
July '23 Jul '23 $258,900
June '23 Jun '23 $201,500
May '23 May '23 $246,875
April '23 Apr '23 $128,000

Number of Homes Sold i

30

(Mar 2024)

+20%

year-over-year

y-o-y

March '24 Mar '24 30
February '24 Feb '24 19
January '24 Jan '24 34
December '23 Dec '23 27
November '23 Nov '23 22
October '23 Oct '23 27
September '23 Sep '23 34
August '23 Aug '23 36
July '23 Jul '23 38
June '23 Jun '23 52
May '23 May '23 34
April '23 Apr '23 26

Number of Purchase Loans i

22

(Mar 2024)

+22.2%

year-over-year

y-o-y

March '24 Mar '24 22
February '24 Feb '24 12
January '24 Jan '24 16
December '23 Dec '23 20
November '23 Nov '23 9
October '23 Oct '23 13
September '23 Sep '23 25
August '23 Aug '23 29
July '23 Jul '23 27
June '23 Jun '23 31
May '23 May '23 25
April '23 Apr '23 18

Number of REFI Loans i

14

(Mar 2024)

+100%

year-over-year

y-o-y

March '24 Mar '24 14
February '24 Feb '24 10
January '24 Jan '24 4
December '23 Dec '23 4
November '23 Nov '23 8
October '23 Oct '23 9
September '23 Sep '23 11
August '23 Aug '23 7
July '23 Jul '23 9
June '23 Jun '23 5
May '23 May '23 6
April '23 Apr '23 9

Number of HELOC Loans i

7

(Mar 2024)

-58.8%

year-over-year

y-o-y

March '24 Mar '24 7
February '24 Feb '24 5
January '24 Jan '24 6
December '23 Dec '23 6
November '23 Nov '23 10
October '23 Oct '23 7
September '23 Sep '23 11
August '23 Aug '23 13
July '23 Jul '23 13
June '23 Jun '23 10
May '23 May '23 21
April '23 Apr '23 8

Lake Forest, IL Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

60045
$992,671 $297.76/sqft

Lake Forest, IL Foreclosure Activity

Total Foreclosure Filings i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 1
December '23 Dec '23 3
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 2
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 1
May '23 May '23 3
April '23 Apr '23 N/A

Foreclosure Starts i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 N/A

Completed Foreclosures (REOs) i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 1
September '23 Sep '23 1
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 2
April '23 Apr '23 N/A

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