Lake Forest, IL, Real Estate

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Lake Forest, Illinois, is an affluent city located along Lake Michigan’s North Shore, about 30 miles north of Chicago. Known for its picturesque landscapes, historic architecture, and upscale residential areas, it offers a blend of suburban tranquility and cultural sophistication. The city is home to Lake Forest College, a prestigious liberal arts institution, and features well-preserved estates from the Gilded Age, reflecting its history as a retreat for Chicago’s elite. With access to scenic beaches, extensive forest preserves, and a charming downtown filled with boutique shops and restaurants, Lake Forest attracts residents and visitors seeking a refined yet relaxed lifestyle.

Lake Forest currently has 84 single family homes for sale with an average list price of $2,469,294.05, 1 townhouse for sale with a list price of $434,000, 8 condos for sale with an average list price of $1,204,111.25, and 24 lots for sale with an average list price of $807,787.50. The average annual property tax for Lake Forest is $18,128.14.

Current Homes for Sale

Homes 84 for sale

Condos 8 for sale

Townhouses 1 for sale

Multi-unit 1 for sale

Lots/Land 24 for sale

Short Sales 0 for sale

Foreclosures 0 for sale

New Construction 10 for sale

Photos

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Schools

School	District	Level	Grades
Cherokee Elementary School	Lake Forest School District 67	Elementary	K-4
Deer Path Elementary School	Cary School District 26	Elementary	P-4
Everett Elementary School	Lake Forest School District 67	Elementary	K-4
Half Day School	Lincolnshire-Prairie View School District 103	Elementary	3-4
Lake Bluff Elementary School	Lake Bluff School District 65	Elementary	K-5
Laura B Sprague School	Lincolnshire-Prairie View School District 103	Elementary	P-2
Rondout Elementary School	Rondout School District 72	Elementary	K-8
Sheridan Elementary School	Lake Forest School District 67	Elementary	K-4
Daniel Wright Junior High School	Lincolnshire-Prairie View School District 103	Middle	5-8
Deer Path Middle School	Lake Forest School District 67	Middle	7-8
Lake Bluff Middle School	Lake Bluff School District 65	Middle	6-8
Adlai E Stevenson High School	Stevenson High School 125	High	9-12
Lake Forest High School	Lake Forest School District 115	High	9-12
Libertyville High School	Community High School District 128	High	9-12

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Schools

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Most Affordable Condos

Most Expensive Homes

Most Expensive Streets

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake Forest, i.e. what's hot and what's not.

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Recent Sales

$835,000

119 E Laurel Ave. #207

1301 N Western Ave. #220

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Recent Sales

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Train Stations

	Station	Line(s)	Address
	Lake Forest	Line(s): Milwaukee District / North Line (MD-N)	911 Telegraph Rd., Lake Forest	View Commute
	Lake Forest	Line(s): Union Pacific / North Line (UP-N)	691 Western Ave., Lake Forest	View Commute

Train Stations

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Subdivisions/Buildings

	Subdivisions/Buildings	Median Price
	105 E. Laurel 105 E. Laurel is a condo building in Lake Forest, Illinois, built between 1979 and 1981. It currently has no homes for sale. The homes range in size from 1,788 ft2 to 2,301 ft2. The average annual property tax for 105 E. Laurel is $7,739.02. It is located in Lake County. 105 E. Laurel is a 21 unit condo building built in 1981. 105 E. Laurel is located in walking distance to downtown Lake Forest, Illinois. ... Read more	Median Price: $702,500
	1850 Amberley Condominiums 1850 Amberley Condominiums is a condo building in Lake Forest, Illinois. It currently has no homes for sale. 1850 Amberley is a 45 unit luxury maintenance-free condominium community built in 2018. 1850 Amberley is located minutes from downtown Lake Forest, close to shopping, restaurants and transportation. 1850 Amberley is located in Lake Forest south of Route 60/Townline Road just east of Saunders Road. ... Read more
	485 Oakwood 485 Oakwood is a condo building in Lake Forest, Illinois, built in 1987. It currently has no homes for sale. The homes have an average size of 1,964 ft2. The average annual property tax for 485 Oakwood is $10,866.82. 485 Oakwood Avenue is an 11 unit condo building built in 1987. 485 Oakwood is located in Lake Forest, Illinois south of Deerpath Road and east of Green Bay Road. ... Read more
	501 Oakwood 501 Oakwood is a condo building in Lake Forest, Illinois, built in 1977. It currently has no homes for sale. The homes range in size from 1,500 ft2 to 2,069 ft2. The HOA fees range from $1,003 to $1,003 per month. The average annual property tax for 501 Oakwood is $9,092.12. 501 Oakwood is a 15 unit condo building built in 1977. 501 Oakwood is located in Lake Forest, Illinois south of Deerpath Road and east of Green Bay Road. ... Read more
	Abington Cambs Abington Cambs is a subdivision in Lake Forest, Illinois. It currently has no homes for sale. Abington Cambs is a single family neighborhood built in the early 1990s. Abington Cambs is located in Lake Forest, Illinois on Everett west of Waukegan. ... Read more

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Subdivisions/Buildings

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Market Trends

Lake Forest home sales for the month of October rose in volume by 22.2% when compared to last year, while the median sale price rose by 32% from $954,250 to $1,260,000. House sales rose by 6.3%, while the median sale price rose by 58.5% from $1,000,000 to $1,585,000. Condo sales rose by 100%, while the median sale price decreased by 17.7% from $680,000 to $559,500. Townhouse sales stayed the same, while the median sale price stayed the same.

534	407	301	267
2021	2022	2023	2024
# of sales per year

$799,000	$1,051,000	$960,000	$1,100,000
2021	2022	2023	2024
median sale price per year

Median Sale Price for Lake Forest

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Number of Sales for Lake Forest

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Market Trends

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Nearby Parks

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Nearby Parks

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Nearby Golf Courses

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Real Estate News

	New Homes For Sale This Week in Lake Forest: October 24th to October 30th - October 31, 2025 Lake Forest had 4 new homes for sale during the week of Friday, October 24 to Thursday, October 30, including including 2 single family homes for sale with an average ... continue reading
	Homes Just Sold in Lake Forest: October 21st to October 27th - October 28, 2025 Lake Forest had only 1 sale during the week of Tuesday, October 21 to Monday, October 27, including and it was a single family home for sale with a list ... continue reading
	New Homes with Master Bedrooms on the 1st Floor in Lake Forest: October 18th to October 24th - October 25, 2025 Lake Forest had 4 new homes for sale with a master bedroom on the first floor during the month of Saturday, October 18 to Friday, October 24, including 4 ... continue reading
	New Homes For Sale This Week in Lake Forest: October 17th to October 23rd - October 24, 2025 Lake Forest had 10 new homes for sale during the week of Friday, October 17 to Thursday, October 23, including including 10 single family homes for sale with an average ... continue reading
	New Construction Homes For Sale This Week in Lake Forest: October 15th to October 21st - October 22, 2025 Lake Forest had only 1 new construction home during the week of Wednesday, October 15 to Tuesday, October 21, and it was a single family home for sale with a ... continue reading