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LAKE FOREST, IL 60045

Real Estate Market Report  ·  Lake County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
62
⇩ 3.1% vs 64 last year
Pending
28
45% pending ratio
Median Price
$1,950,000
⇧ 4.8% vs $1,860,000 last year
Average Price
$3,025,643
⇧ 7.4% vs $2,817,150 last year
Days on Market
114
⇧ 50% vs 76 days last year

Market Context

Population: 21,159  ·  Density: 383.3/mi²  ·  Median household income: $201,847

Typical home value: $884,762  ·  Homeownership: 87.4%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The LAKE FOREST, IL real estate market (60045) currently shows 62 active listings, with 28 pending sales. Homes are averaging 114 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 114 days on market compared to 76 days last year.

The median listing price has risen 4.8% year-over-year, from $1,860,000 to $1,950,000.

Whether you are buying or selling in LAKE FOREST, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 62 this year vs 64 last year
  • Days on market: 114 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $1,950,000 (+4.8% YoY)
  • Average: $3,025,643 (+7.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.7 miles — 644 listings ($628,423,733 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60045Lake Forest, IL 600450.0 mi62$187,589,866$1,950,000$3,025,643
60040Highwood, IL 600403.7 mi2$1,149,900$574,950$574,950
60015Deerfield, IL 600154.5 mi45$46,467,675$759,450$1,032,615
60035Highland Park, IL 600354.8 mi59$85,258,245$907,500$1,445,055
60064North Chicago, IL 600645.9 mi10$2,283,580$219,900$228,358
60062Northbrook, IL 600627.8 mi88$100,544,576$769,990$1,142,552
60085Waukegan, IL 600858.1 mi52$13,869,544$249,000$266,722
60060Mundelein, IL 600609.0 mi77$49,403,816$459,995$641,608
60070Prospect Heights, IL 600709.7 mi34$11,828,566$249,500$347,899
60026Glenview, IL 6002610.2 mi12$9,849,768$750,000$820,814
60074Palatine, IL 6007410.9 mi61$25,832,036$265,000$423,476
60030Grayslake, IL 6003011.2 mi63$24,964,569$347,450$396,263
60025Glenview, IL 6002511.7 mi79$69,381,592$489,900$878,248

Frequently Asked Questions

How many homes are for sale in LAKE FOREST, IL 60045?

As of January 2026, there are 62 active listings in LAKE FOREST, IL (zip code 60045), compared to 64 the prior year.

What is the median home price in LAKE FOREST, IL 60045?

The median listing price in LAKE FOREST, IL 60045 is $1,950,000 as of January 2026, a 4.8% increase from $1,860,000 the prior year.

How long do homes stay on the market in LAKE FOREST, IL?

Homes in LAKE FOREST, IL 60045 spend an average of 114 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in LAKE FOREST, IL 60045?

Based on current inventory and days-on-market data as of January 2026, LAKE FOREST, IL 60045 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 114 days on market compared to 76 days last year.

How much can I save on real estate commission in LAKE FOREST, IL?

With SELL123.com's maximum 3% commission, sellers in LAKE FOREST, IL 60045 save an estimated $39,000 compared to a typical 5% commission on the median listing price of $1,950,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.