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Lake Forest, Illinois - Real Estate Market

Lake Forest, Illinois is located just off the shore of Lake Michigan and is plotted between Chicago and Waukegan, Illinois. This North Shore community has a population of 21 thousand people and growing. This population has shown a steady growth trend of 4.5%, and as populations grow so does the real estate market. Lake Forest home appreciation is up by 5% and the average cost of a Lake Forest home is $856K. Located along the lake front, this North shore community remains a favorite, offering lush scenery and beaches.

Compared to the rest of the nation, Lake Forest's cost of living is 117% higher. There are currently 219 properties available in Lake Forest, currently, 149 of which are single family homes. Average time on the market for Lake Forest Homes is 148 days. However, over 160 homes closed with an average sale price of $1.2 Million in the first half of 2006. This says a lot for the Lake Forest real estate market. Fair market pricing induces sales.

Zip Code: 60045
County: Lake County
Proximity to Chicago: Part of Chicagoland.

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