The Lake Forest housing market is very competitive. The median sale price of a home in Lake Forest was $252K last month, up 18.2% since last year. The median sale price per square foot in Lake Forest is $143, up 10.0% since last year.
What is the housing market like in Lake Forest today?
In March 2024, Lake Forest home prices were up 18.2% compared to last year, selling for a median price of $252K. On average, homes in Lake Forest sell after 39 days on the market compared to 11 days last year. There were 4 homes sold in March this year, up from 2 last year.
$256K
Sale Price
+8.7% since last year
$143
Sale $/Sq. Ft.
+10.0% since last year
Under List Price
0.8%
Days on Market
5
Down Payment
—
Total Homes Sold
7
To compare other locations to the Lake Forest and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Fort Wayne add value to a home.
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How hot is the Lake Forest housing market?
Lake Forest is very competitive. Homes sell in 5 days.
0
100
85
Very Competitive
Redfin Compete Score™
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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 5 days.
Hot homes
can sell for about 2% above list price and go pending in around 2 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Moderate
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Forest has a moderate risk of flooding. 41 properties in Lake Forest are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Lake Forest. Flood risk is increasing faster than the national average.
Lake Forest has minimal risk of severe winds over the next 30 years
Wind Factor
Lake Forest has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.