Lake Forest, CA Housing Market
The Lake Forest housing market is very competitive. Homes in Lake Forest receive 6 offers on average and sell in around 29 days. The median sale price of a home in Lake Forest was $1.4M last month, up 51.4% since last year. The median sale price per square foot in Lake Forest is $674, up 13.9% since last year.
Lake Forest Housing Market Trends
In April 2024, Lake Forest home prices were up 51.4% compared to last year, selling for a median price of $1.4M. On average, homes in Lake Forest sell after 29 days on the market compared to 30 days last year. There were 69 homes sold in April this year, down from 77 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lake Forest housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 29 days.
- Hot homescan sell for about 6% above list price and go pending in around 16 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 23 days.
- Hot homescan sell for about 6% above list price and go pending in around 13 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 26 days.
- Hot homescan sell for about 5% above list price and go pending in around 13 days.
Lake Forest Migration & Relocation Trends
- Across the nation, 5% of homebuyers searched to move into Lake Forest from outside metros.
- San Francisco homebuyers searched to move into Lake Forest more than any other metro followed by New York and Seattle.
- 79% of Lake Forest homebuyers searched to stay within the Lake Forest metropolitan area.
- San Diego was the most popular destination among Lake Forest homebuyers followed by Las Vegas and Phoenix.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,710 | ||
2 | 1,664 | ||
3 | 544 | ||
4 | 476 | ||
5 | 10 | ||
6 | 8 | ||
7 | 7 | ||
8 | 6 | ||
9 | 5 | ||
10 | 4 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 12,011 | ||
2 | 6,396 | ||
3 | 4,013 | ||
4 | 3,719 | ||
5 | 2,588 | ||
6 | 1,943 | ||
7 | 1,932 | ||
8 | 1,480 | ||
9 | 1,439 | ||
10 | 1,371 |
Home offer insights for Lake Forest
Recent offers
- Offer Not Accepted|4 Weeks Ago~$800K OfferSold for $850K3 bd | 2 ba | ~1,250 sqftOver List Price0%Days on Market28Competing Offers2Down Payment<10%
- Offer Not Accepted|5 Weeks Ago~$1M OfferSold for $1.25M7 bd | 3 ba | ~3,500 sqftOver List Price7%Days on Market5Competing Offers23OfferAll Cash
- Offer Not Accepted|6 Weeks Ago~$2M OfferSold for $2M4 bd | 4.5 ba | ~3,500 sqftOver List Price8%Days on Market5Competing Offers5Down Payment~40%
View houses in Lake Forest that sold recently
Recently sold homes
- $715,000 Last Sold Price2 beds2 baths974 sq ft21324 Balsam Ln, Lake Forest, CA 92630List Price$650,000Sale to List10% over listDays on Market26 days21324 Balsam Ln, Lake Forest, CA 92630
- $1,130,000 Last Sold Price3 beds2.5 baths1,892 sq ft24565 Via Raza, Lake Forest, CA 92630List Price$1,145,000Sale to List1% under listDays on Market69 days24565 Via Raza, Lake Forest, CA 92630
- $1,430,000 Last Sold Price4 beds3 baths2,136 sq ft26001 Fallbrook, Lake Forest, CA 92630List Price$1,375,000Sale to List4% over listDays on Market55 days26001 Fallbrook, Lake Forest, CA 92630
- $1,120,000 Last Sold Price4 beds2 baths1,873 sq ft23861 Larkwood Ln, Lake Forest, CA 92630List Price$1,200,000Sale to List7% under listDays on Market66 days23861 Larkwood Ln, Lake Forest, CA 92630
- $1,095,000 Last Sold Price3 beds3 baths1,537 sq ft58 Wild Rose, Lake Forest, CA 92630List Price$1,070,000Sale to List2% over listDays on Market36 days58 Wild Rose, Lake Forest, CA 92630
- $2,530,000 Last Sold Price4 beds4.5 baths2,769 sq ft25 Bellflower, Lake Forest, CA 92630List Price$2,398,000Sale to List6% over listDays on Market29 days25 Bellflower, Lake Forest, CA 92630
- $2,350,000 Last Sold Price5 beds5 baths3,128 sq ft390 Riverbend, Lake Forest, CA 92630List Price$2,350,000Sale to List0% over listDays on Market59 days390 Riverbend, Lake Forest, CA 92630
- $550,000 Last Sold Price2 beds1 bath884 sq ft20918 Serrano Creek Rd #49, Lake Forest, CA 92630List Price$550,000Sale to List0% over listDays on Market73 days20918 Serrano Creek Rd #49, Lake Forest, CA 92630
See all recently sold homes in Lake Forest.
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Schools in Lake Forest
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Castille Elementary School Public • K-5 | 528 Students | 12 reviews |
9/10 Portola Springs Elementary Public • K-6 | 428 Students | 16 reviews |
9/10 Portola Hills Elementary School Public • K-6 | 666 Students | 12 reviews |
8/10 Philip J. Reilly Elementary Public • K-5 | 411 Students | 14 reviews |
8/10 Cadence Park Public • K-8 | 490 Students | 9 reviews |
Climate's impact on Lake Forest housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Forest.
Flood Factor - Minor
Flood Factor
Fire Factor - Major
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Major
Heat Factor
Transportation in Lake Forest
Walk Score®
Bike Score®
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