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Lake Forest, IL Market Report

April 2026Updated from 385 active listings

$1,249,000

Median Price

385

Active Listings

$578

Avg $/sqft

85

Avg Days on Market

Price Distribution

Under $500K
14%
$500K–$1M
94
24%
$1M–$2.5M
186
48%
$2.5M–$5M
11%
$5M+
2%

Property Types

Single Family (230 · 60%)Condo (89 · 23%)Manufactured (32 · 8%)Land (18 · 5%)Townhouse (15 · 4%)Multi-Family (1 · 0%)

Average Home Profile

4

Bedrooms

3

Bathrooms

2,649

Square Feet

Year Built

April 2026 Market Summary

The Lake Forest real estate market in Illinois currently has 385 active listings with a median asking price of $1,249,000. Prices range from $130,000 to $25,000,000, with an average of $1,496,600. Buyers can expect to pay around $578 per square foot.

Single Family homes dominate the market at 60% of inventory, followed by Condo at 23%. The typical listing offers 4 bedrooms and 3 bathrooms in 2,649 square feet. Homes spend an average of 85 days on market before going under contract.

Browse all 385 Lake Forest listings on HomeSwipr — swipe right on the ones you love and our AI learns your taste to surface better matches over time.

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