Housing in Lake Forest, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,500,000
Median List Price
$1,490,000
Price Per Sq Ft
$374
Days on Market
66
Active Inventory
56
Months of Supply
3.3
Seller's market
Zillow Home Value
$1,135,613
ZHVI — January 2026
Zillow Rent Index
$4,508
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
17.6%
Off Market in 2 Weeks
52.6%
Sale-to-List Ratio
99.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
17
New Listings
19
Pending Sales
19
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$374
Median List $/SF
$404
Lake Forest vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Lake Forest is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$909,800
Median Rent
$2,120
Total Housing Units
7,303
Vacancy Rate
5.9%
Owner Occupied
89.3%
Renter Occupied
10.7%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$3,107
Housing Types
The current median sale price in Lake Forest, IL is $1,500,000 according to Redfin data. Homes spend a median of 66 days on the market. 17.6% of homes sold above asking price. The market has 3.3 months of supply. The median price per square foot is $374. Zillow's observed rent index is $4,508/month. About 89.3% of housing units are owner-occupied. The median year homes were built is 1977. There are 7,303 total housing units.