Why Live in Forest Lake
Forest Lake, located in the unincorporated region of Illinois between Lake Zurich and Hawthorn Woods, is characterized by its namesake lake and four public parks that contribute to the area's tranquil atmosphere. The neighborhood features a range of home styles, from refreshed 1930s and '40s houses to newer constructions, many with waterfront access or scenic views. The community's rural feel means residents often share the road with pedestrians, as there are no formal sidewalks. Forest Lake's parks, such as Steinken Park and Erker Park, offer recreational spaces with lake views and host annual events like the John Harkness Sr. Ice Fishing Derby, Easter Egg Hunt, and Halloween Parade and Party. Students in Forest Lake attend highly rated schools, including May Whitney Elementary School, Lake Zurich Middle School North Campus, and Lake Zurich High School, which is noted for its strong academics and performing arts program. Dining and shopping options are conveniently located along Route 22, with local favorites like Stompin’ Grounds Café, DiPiero’s Pizza & Catering, and Vault 232 Restaurant and Bar, as well as retail centers like Oakwood Commons Shopping Center and North Lake Commons. The community enjoys a low crime risk compared to the national average, offering a peaceful living environment without sacrificing access to modern amenities.
Home Trends in Forest Lake, IL
On average, homes in Forest Lake, Lake Zurich sell after 27 days on the market compared to the national average of 70 days. The median sale price for homes in Forest Lake, Lake Zurich over the last 12 months is $826,000, up 16% from the median home sale price over the previous 12 months.
Median Sale Price
$826,000
Median Single Family Sale Price
$632,000
Median 2 Bedroom Sale Price
$275,000
Average Price Per Sq Ft
$258
Number of Homes for Sale
4
Last 12 months Home Sales
5
Median List Price
$475,000
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
16%