Housing in Forest Lake, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$575,000
Median List Price
$406,500
Price Per Sq Ft
$204
Days on Market
72
Active Inventory
6
Months of Supply
1.2
Seller's market
Zillow Home Value
$440,084
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
98.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
2
Pending Sales
6
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$204
Median List $/SF
$223
Forest Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Forest Lake is highlighted.
Median Home Value
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$318,300
Median Rent
N/A
Total Housing Units
737
Vacancy Rate
10.6%
Owner Occupied
94.5%
Renter Occupied
5.5%
Median Property Tax
$5,618
per year
Monthly Cost (w/ Mortgage)
$1,463
Housing Types
The current median sale price in Forest Lake, IL is $575,000 according to Redfin data. Homes spend a median of 72 days on the market. 0.0% of homes sold above asking price. The market has 1.2 months of supply. The median price per square foot is $204. About 94.5% of housing units are owner-occupied. The median year homes were built is 1994. There are 737 total housing units.