Home ValuePros

Market Intelligence · IL / Lake County

Lake Forest, IL housing market

1 ZIP market liveData updated August 2026Typical value$1.21M1-yr changeUp10.7%

The median home value in Lake Forest, IL is $1.21M as of August 2026, up 10.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

Get a cash offer

Sell without the wait

Sell your Lake Forest home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

The coverage

Lake Forest, by the numbers.

Typical home valueZillow ZHVI, August 2026
$1.21M
1-yr changeMedian across Lake Forest ZIPs
+10.7%
ZIP markets live
1
County
Lake County

Need cash home buyers on your timeline? Sell my house fast in Lake Forest.

12-month value trend

+10.7% over 12 months

Typical home value in Lake Forest over the last 12 months: $1.1M in Aug 2025 to $1.21M in Aug 2026 (+10.7%).

Aug 2025$1.1M

Aug 2026$1.21M

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

Context

Lake Forest's typical home is valued at $1,214,518 by Zillow as of August 2026, a 12-month move of +10.7%. On the listing side, Realtor.com counts 56 homes on the market, 28 newly listed, and a median asking price of $1,946,500 in August 2026. A typical listing takes 33 days to sell, and 9.5% of active homes have seen a price reduction. Read together, these figures point to a market on the way up, with real appreciation over the year.

The numbers

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

Typical home value

$1.21M

Up10.7%YoY

Median list price

$1.95M

Days on market

33

Homes for sale

56

Price cuts

9.5%

New listings

28

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

Free home value report

See what your Lake Forest home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

Live markets

What ZIP codes are live in Lake Forest?

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

Zillow ZHVI, August 2026

Local pros

Who are the top real estate agents in Lake Forest?

Top real estate agents in Lake Forest, IL

Ready when you are

See what your Lake Forest home is worth.

Get your home value and a real cash offer from our licensed institutional buyer network, side by side. It takes about two minutes, with no obligation.

See your value + cash offer

Nearby markets

More Illinois housing markets.

The market is moving

Latest housing news

All news