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Lake Forest

Why you'd want to live in Lake Forest

With an area of approximately 17 square miles, Lake Forest is home to 19,375 people according to the 2010 Census. The City of Lake Forest was incorporated as a city under a special charter granted by the Illinois State Legislature in 1861 that permits Lake Forest to be administered efficiently and economically with a minimum number of separate government bodies. The City Council is the legislative and policy-making body and includes the Mayor and two Aldermen from each of the City's four wards. The City operates under the council-manager form of government with the day-to-day operations of the City in the hands of a full-time, professional City Manager who is appointed by the Mayor with the approval of the City Council. Residents are provided excellent educational opportunities through the public and private elementary and high schools, as well as Lake Forest College and the Lake Forest Graduate School of Management. You can learn more information about the schools, Lake Forest Hospital and the diverse organizations that compose the fabric of our community by selecting "Links" above. With its natural beauty every season, Lake Forest is a remarkable community because of the individuals who call it home. via City of Lake Forest

Lake Forest Market Report

$1,218,438

AVERAGE PRICE OF 152 HOMES

$899,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,700,228

AVERAGE PRICE OF 89 MULTI-MILLION DOLLAR HOMES

$2,340,923

AVERAGE PRICE OF 13 NEWLY BUILT HOMES

$1,187,972

AVERAGE PRICE OF 76 HOMES WITH A POOL

$1,267,358

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $1,218,438
Avg Bedrooms 3.14 beds
Avg Bathrooms 2.66 baths

Average Price by Bedrooms

1 bedroom $476,483
2 bedrooms $534,320
3 bedrooms $1,179,257
4 bedrooms $1,600,227
5 bedrooms $2,089,940
Lake Forest Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 125 128 135 114 119
Average Price $1,325,297 $1,276,245 $1,254,804 $1,272,975 $1,267,369
Avg Price Change +3.84% +1.71% -1.45% +0.44% -2.51%
Median Price $1,294,467 $1,301,106 $1,255,389 $1,276,805 $1,256,831
Med Price Change -0.51% +3.64% -1.71% +1.59% -1.99%
Avg Bedrooms 3.32 beds 3.18 beds 3.18 beds 3.16 beds 3.21 beds
Avg Bathrooms 2.88 baths 2.81 baths 2.79 baths 2.84 baths 2.9 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
El Toro 57 $1,346,494 39 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 152 $1,218,438 45 days
Distressed Homes 1 $899,900 17 days
Multi-Million Dollar Homes 89 $1,700,228 38 days
Newly Built Homes 13 $2,340,923 94 days
Homes with a Pool 76 $1,187,972 46 days
Reduced Price Homes 5 $1,267,358 29 days
Coldwell Banker Realty
Beth & Steve Faskowitz
27111 Camino De Estrella
Dana Point, CA 92624
949-510-3267
DRE# 01953514, 01968450

Based on information from California Regional Multiple Listing Service, Inc. as of May 27, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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