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Updated October 2026
Lake Forest, IL Housing Market Report
Lake Forest, IL housing market numbers for buyers and sellers: prices, homes sold, time on market and supply by price band, with every source named.
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01 / At a glance
Lake Forest, IL housing market at a glance
Lake Forest, IL housing market conditions favor sellers overall in October 2026, with 2.2 months of supply. Prices rose while the number of sales fell.
- Median sale price
- $1,349,357
- Up 15.7% year over year. Redfin, 3 months ending September 2026
- Median days on market
- 50 days
- 11 days faster than a year earlier. Redfin
- Homes sold in September
- 77
- 104 in September 2025. Redfin
- Price per square foot
- $370
- Up 6.0% year over year. Redfin
- Sale-to-list price
- 100.2%
- 29.0% of homes sold above list. Redfin
- Homes for sale
- 88
- Median list price $1,984,500. Realtor.com, October 2026
- Of supply, all homes
- 2.2 months
- Homes by Marco, October 21, 2026
- Redfin Compete Score
- 67
- Somewhat competitive, on a 0 to 100 scale. Redfin
02 / Competition
How competitive the Lake Forest, IL real estate market is
The Lake Forest, IL real estate market is somewhat competitive overall. Well-priced homes under $2M often get offers in the first weeks, and some sell above list. Above $3M, buyers have time and room to negotiate.
For sellers, that means pricing to your band, not to the town average. For buyers, it means being ready with financing in the busy bands and patient in the slow ones.
03 / By price band
Lake Forest houses for sale and sold by price band
Under $1M
Sold, last 6 months: 29
For sale now: 7
Months of supply: 1.4
Market: Seller's
$1M to $2M
Sold, last 6 months: 52
For sale now: 2
Months of supply: 0.2
Market: Seller's
$2M to $3M
Sold, last 6 months: 23
For sale now: 16
Months of supply: 4.2
Market: Balanced
$3M and up
Sold, last 6 months: 3
For sale now: 17
Months of supply: 34
Market: Buyer's
All houses
Sold, last 6 months: 107
For sale now: 42
Months of supply: 2.4
Market: Seller's
| List price | Sold, last 6 months | For sale now | Months of supply | Market |
|---|---|---|---|---|
| Under $1M | 29 | 7 | 1.4 | Seller's |
| $1M to $2M | 52 | 2 | 0.2 | Seller's |
| $2M to $3M | 23 | 16 | 4.2 | Balanced |
| $3M and up | 3 | 17 | 34 | Buyer's |
| All houses | 107 | 42 | 2.4 | Seller's |
Source: Homes by Marco, houses by list price, 6 months to October 21, 2026. Under 3 months of supply is a seller's market, 3 to 6 is balanced and over 6 is a buyer's market.
More than half of the houses sold closed between $1.1M and $2.5M. For the top band, see luxury homes for sale in Lake Forest.
04 / By home type
Lake Forest homes by type
Houses
Sold, last 6 months: 107
For sale now: 42
Months of supply: 2.4
Sale range: About $650K to $7M
Condos
Sold, last 6 months: 11
For sale now: 7
Months of supply: 3.8
Sale range: $225K to $1.4M
Townhomes
Sold, last 6 months: 7
For sale now: 0
Months of supply: Under 1
Sale range: $750K to $1.9M
Land
Sold, last 6 months: Steady
For sale now: Few
Months of supply: 0.7
Sale range: Most active $400K to $425K
| Type | Sold, last 6 months | For sale now | Months of supply | Sale range |
|---|---|---|---|---|
| Houses | 107 | 42 | 2.4 | About $650K to $7M |
| Condos | 11 | 7 | 3.8 | $225K to $1.4M |
| Townhomes | 7 | 0 | Under 1 | $750K to $1.9M |
| Land | Steady | Few | 0.7 | Most active $400K to $425K |
Source: Homes by Marco, by list price, 6 months to October 21, 2026. Townhomes are the tightest type: none were for sale on that date. See Lake Forest condos for sale and Lake Forest townhomes for sale.
05 / By area
Lake Forest real estate by area
Built: 1870 to 2023
Home sizes: 3,200 to 7,518 sq ft
Average yearly tax: $20,147
Note: Older streets, ravines, UP-N Metra
Built: Mostly after 1950
Home sizes: Wide range
Average yearly tax: Varies by subdivision
Note: Newer subdivisions, MD-N Metra
Built: 1991 to 2006
Home sizes: 1,994 to 8,725 sq ft
Average yearly tax: $19,764
Note: HOA $267 to $750 a month
Downtown condos
Built: 1967 to 2008
Home sizes: 957 to 5,124 sq ft
Average yearly tax: $3,513 to $30,093 by building
Note: Near Market Square and the train
Built: 1968 to 2019
Home sizes: 2,776 to 20,000 sq ft
Average yearly tax: $31,319
Note: Lakefront, listings $2.09M to $21.99M
| Area | Built | Home sizes | Average yearly tax | Note |
|---|---|---|---|---|
| East Lake Forest | 1870 to 2023 | 3,200 to 7,518 sq ft | $20,147 | Older streets, ravines, UP-N Metra |
| West Lake Forest | Mostly after 1950 | Wide range | Varies by subdivision | Newer subdivisions, MD-N Metra |
| Conway Farms | 1991 to 2006 | 1,994 to 8,725 sq ft | $19,764 | HOA $267 to $750 a month |
| Downtown condos | 1967 to 2008 | 957 to 5,124 sq ft | $3,513 to $30,093 by building | Near Market Square and the train |
| Villa Turicum | 1968 to 2019 | 2,776 to 20,000 sq ft | $31,319 | Lakefront, listings $2.09M to $21.99M |
Source: Homes by Marco subdivision data, October 2026. Each area has its own page: East Lake Forest, West Lake Forest, Conway Farms, downtown Lake Forest condos and Villa Turicum.
06 / Homes sold
Lake Forest, IL homes sold and what changed
Lake Forest, IL homes sold fell to 77 in September 2026 from 104 a year earlier, while the median price rose 15.7% (Redfin). Fewer sales with a higher median usually means a larger share of the sales came from higher price bands.
Recently sold homes in Lake Forest, IL are the best guide to your own price. Ask us for the sales near your address and we will send them with sizes, dates and prices.
07 / Sources
Where these numbers come from
- Redfin: median sale price, days on market, homes sold, price per square foot, sale-to-list and Compete Score.
- Realtor.com: homes for sale and median list price.
- Homes by Marco: supply by price band and home type, and subdivision data, from MLS listings.
This report is updated every month. Numbers from different sources cover different periods and can differ slightly.
08 / Related
Use the market numbers
Homes for sale
Every part of town, by price band and home type.
Luxury homes
The $3M and up market, setting by setting.
09 / Questions
Questions about the Lake Forest housing market
Both, depending on price. With 2.2 months of supply overall in October 2026, the market favors sellers, but houses listed at $3M and up had about 34 months of supply (Homes by Marco).
$1,349,357 for the three months ending September 2026, up 15.7% year over year (Redfin). The median list price of homes for sale was $1,984,500 (Realtor.com, October 2026).
In a median of 50 days in the three months ending September 2026 (Redfin). Homes priced under $2M sold faster, and homes above $3M much slower.
77 homes sold in September 2026, compared with 104 in September 2025 (Redfin).
Every month. Ask us for the numbers for your price band or neighborhood at any time.
Get the numbers for your Lake Forest home
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