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Market Intelligence · IL / Lake County

Lake Forest, IL home prices and housing market

1 ZIP market liveData updated September 2026Typical value$1.23M1-yr changeUp11.0%

The typical home value in Lake Forest, IL is $1.23M as of September 2026, up 11.0% from a year ago, based on the Zillow Home Value Index. In the typical Lake Forest ZIP code, the median list price is $2.42M and homes spend a median of 45 days on market as of September 2026 (Realtor.com).

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The coverage

Lake Forest, by the numbers.

Typical home valueZillow ZHVI, September 2026
$1.23M
1-yr changeMedian across Lake Forest ZIPs
+11.0%
ZIP markets live
1
County
Lake County

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12-month value trend

+11.0% over 12 months

Typical home value in Lake Forest over the last 12 months: $1.11M in Sep 2025 to $1.23M in Sep 2026 (+11.0%).

Sep 2025$1.11M

Sep 2026$1.23M

Median Zillow home value index across Lake Forest's ZIP codes.

Context

Lake Forest's housing market shows solid strength as of September 2026. Typical home values sit at $1,231,162, reflecting an 11.0% increase over the past year. The median list price stands at $2,422,000, with 55 homes currently for sale and 22 new listings added recently. Homes spend a median of 45 days on market, and only 9.0% of listings have seen a price cut. For homeowners weighing a sale, the combination of rising values and steady demand suggests reasonable conditions, though the relatively small inventory means pricing strategy will matter.

The numbers

What is the housing market like in Lake Forest, IL?

Typical home value

$1.23M

Up11.0%YoY

Median list price

$2.42M

Days on market

45

Homes for sale

55

Price cuts

9.0%

New listings

22

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Lake Forest's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Lake Forest, IL home prices over time

Typical home values in Lake Forest, IL are up 11.0% over the past year, from $1.11M in September 2025 to $1.23M in September 2026.

Typical home value in Lake Forest, IL, September of each year
MonthTypical value1-yr change
September 2026$1,231,162+11.0%
September 2025$1,109,040No prior year

Typical value is the median Zillow Home Value Index across Lake Forest ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Lake Forest, IL a buyer's or seller's market?

Lake Forest, IL leans toward a seller's market.

Relatively few listings have cut their asking price, which usually gives sellers the stronger position.

Based on a median of 45 days on market and 9% of listings with a price cut in the typical Lake Forest ZIP code, and 22 new listings against 55 active listings across Lake Forest, as of September 2026 (Realtor.com).

The outlook

Lake Forest housing market forecast 2027

+3.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Lake Forest ZIP code, points to typical home values rising 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in Lake Forest rose 11.0%, per the Zillow Home Value Index.

Will home prices drop in Lake Forest?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Lake Forest shows typical home values rising 3.1% by September 2027, after a 11.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Lake Forest ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Lake Forest?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Lake Forest, IL home prices.

What is a typical home value in Lake Forest?

As of September 2026, the typical home value in Lake Forest is $1,231,162, up 11.0% over the past year.

How many homes are currently listed for sale in Lake Forest?

There are 55 homes for sale in Lake Forest as of September 2026, with 22 new listings added recently.

How long do homes typically stay on the market in Lake Forest?

Homes in Lake Forest spend a median of 45 days on market before sale.

Are home prices going up or down in Lake Forest, IL?

Typical home values in Lake Forest, IL are up 11.0% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Lake Forest, IL a buyer's or seller's market?

Lake Forest, IL leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 45 days on market and 9% of listings with a price cut in the typical Lake Forest ZIP code, and 22 new listings against 55 active listings across Lake Forest, as of September 2026 (Realtor.com).

Nearby markets

More Illinois housing markets.

The market is moving

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