Market Intelligence · IL / Lake Forest

Lake Forest, IL 60045 Housing Market

Typical home value in Lake Forest 60045 stands at $1,215,058, up 9.9% over the past year. The median list price is $1,946,500, and homes are spending 33 days on the market.

Updated August 2026Median value$1215K

The median home value in Lake Forest, IL 60045 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.

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Typical 60045 range

$1.12M to $1.31M

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

+10.7% over 12 months

Typical home value in 60045 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

The numbers

What is the 60045 housing market like?

Typical home value

$1.21M

Up10.7%YoY

Median list price

$1.95M

Down10.1%MoM

Days on market

33

Down32.7%MoM

Homes for sale

56

Up9.8%MoM

Price cuts

9.5%

Up7.6%MoM

New listings

28

Flat0.0%MoM

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

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The comparison

How do 60045 home prices compare?

  • 60045$1,214,518
  • Lake Forest$1,214,518
  • Illinois$197,608
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake Forest: 1 ZIPs; Illinois: 1,084 ZIPs; United States: 26,265 ZIPs).

Context

Lake Forest's housing market shows steady underlying appreciation, with typical values climbing nearly 10% annually. Currently, 56 homes are for sale, and 28 new listings have arrived recently. The median time to sell remains 33 days, which is moderate for this price range. However, 9.5% of listings have already taken a price cut, which suggests some sellers are adjusting expectations. If you're considering selling, the strong annual gain in home values is real, but expect some negotiation.

Monthly payment

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20% · $242,904

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