All Home Types
Lake Forest, IL Housing Market
What is the housing market like in Lake Forest today?
In January 2025, Lake Forest home prices were up 3.4% compared to last year, selling for a median price of $1.0M. On average, homes in Lake Forest sell after 96 days on the market compared to 107 days last year. There were 14 homes sold in January this year, down from 22 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,032,500
+3.4% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Lake Forest, IL
$1,032,500
+3.4%
United States
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Lake Forest Migration & Relocation Trends
In Dec '24 - Feb '25, 16% of Lake Forest homebuyers searched to move out of Lake Forest, while 84% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Lake Forest from outside metros.
- Peoria homebuyers searched to move into Lake Forest more than any other metro followed by New York and Springfield.
Where are people moving to Lake Forest from?
- 84% of Lake Forest homebuyers searched to stay within the Lake Forest metropolitan area.
- Cape Coral was the most popular destination among Lake Forest homebuyers followed by Phoenix and Sarasota.
Where are people from Lake Forest moving to?
Number of People Moving to Lake Forest
least
most
People are moving to Lake Forest from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 1,018 | ||
| 2 | 825 | ||
| 3 | 682 | ||
| 4 | 638 | ||
| 5 | 604 | ||
| 6 | 340 | ||
| 7 | 301 | ||
| 8 | 292 | ||
| 9 | 282 | ||
| 10 | 273 | ||
People are leaving Lake Forest for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 2,000 | ||
| 2 | 1,179 | ||
| 3 | 1,104 | ||
| 4 | 999 | ||
| 5 | 910 | ||
| 6 | 882 | ||
| 7 | 882 | ||
| 8 | 865 | ||
| 9 | 838 | ||
| 10 | 715 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Forest.
Provided by First Street Foundation
Transportation in Lake Forest
Learn about the walkability, bikeability, and transit-friendliness of Lake Forest
Car-Dependent
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Somewhat Bikeable
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