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Market Intelligence · IL / Lake Forest

Lake Forest, IL 60045 Housing Market

The typical home in Lake Forest's 60045 ZIP is worth $1,231,162, up 11.0% over the past year as of September 2026. The median list price sits at $2,422,000, and homes spend a median of 45 days on the market.

Updated September 2026Median value$1231K

The median home value in Lake Forest, IL 60045 is $1.23M as of September 2026, up 11.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 60045 range

$1.13M to $1.33M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+11.0% over 12 months

Typical home value in 60045 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

The numbers

What is the 60045 housing market like?

Typical home value

$1.23M

Up11.0%YoY

Median list price

$2.42M

Up24.4%MoM

Days on market

45

Up36.4%MoM

Homes for sale

55

Down1.8%MoM

Price cuts

9.0%

Down4.9%MoM

New listings

22

Down21.4%MoM

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

The outlook

60045 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60045 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 60045 rose 11.0%, per the Zillow Home Value Index.

Will home prices drop in 60045?

Zillow's forecast does not call for a drop: it expects typical home values in 60045 to rise 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 60045 home prices compare?

  • 60045$1,231,162
  • Lake Forest$1,231,162
  • Illinois$194,737
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake Forest: 1 ZIP; Illinois: 1,084 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 60045 had 55 homes for sale, with 22 new listings coming on the market that month. The median list price of $2,422,000 sits well above the typical home value of $1,231,162, which reflects the mix of higher-end properties currently listed in Lake Forest. Homes are moving at a measured pace, with a median of 45 days on market. Only 9.0% of listings had a price cut, even as typical values rose 11.0% over the past year. For a seller, the data points to a market where values are climbing and most listings are holding their asking prices.

Monthly payment

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Common questions

What people ask us.

How much is a home in 60045 worth?

The typical home value in 60045 is $1,231,162 as of September 2026, up 11.0% over the past year.

How long do homes take to sell in 60045?

Homes in 60045 spend a median of 45 days on the market as of September 2026.

How many homes are for sale in 60045?

There were 55 homes for sale in 60045 as of September 2026, including 22 new listings that month.

Keep reading

Guides for sellers.