Why Live in Lake Forest
Lake Forest, IL, originally established as a retreat for Chicago's elite, retains its tranquil charm with historic mansions along Lake Michigan's shores. The city is known for its grand estates featuring French, Tudor, and Colonial architectural styles, many designed by renowned architects like Frank Lloyd Wright. Homes often sit on expansive lots with lush gardens. Recreational opportunities abound, from swimming and boating at Forest Park Beach to golfing at Deerpath Golf Course. Fort Sheridan Forest Preserve offers trails for hiking and bird watching. The city's downtown, Historic Market Square, boasts local restaurants, high-end shops, and hosts summer concerts. The Gorton Center provides a venue for diverse cultural events, while Ragdale supports artists through its residency program. Lake Forest Day, held every August, is a community highlight with parades and carnivals. The city is served by highly rated schools, including Lake Forest Elementary School District 67 and Lake Forest Community High School. Lake Forest College offers a private liberal arts education. Two Metra stations connect residents to downtown Chicago, 33 miles away, and Chicago O’Hare International Airport is 25 miles from the city. The area has lower crime rates compared to the national average, contributing to its appeal as a safe and serene place to live.
Home Trends in Lake Forest, IL
On average, homes in Lake Forest, IL sell after 36 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Forest, IL over the last 12 months is $1,164,100, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$1,164,100
Median Single Family Sale Price
$1,300,000
Median Townhouse Sale Price
$1,329,000
Median 2 Bedroom Sale Price
$520,000
Average Price Per Sq Ft
$383
Number of Homes for Sale
64
Last 12 months Home Sales
241
Median List Price
$1,295,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
17%