Explore Lake Forest, IL - Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$965,000

Market Insights

Lake Forest's real estate market is experiencing a price correction, with values down 6.8% from last year. Home prices have decreased 31.7% in the past month. With 2.2 months of supply, Lake Forest's inventory levels remain relatively tight. Homes are taking about 81 days to sell, which is 15 days longer than this time last year. Only 6.5% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 4.8% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Lake Forest market with the affordability index at 267.9. Looking ahead, the Lake Forest market is expected to maintain its current trajectory with relatively stable conditions.

Demographics market for - Lake Forest, IL

Total Population -

19,204

White Population

86.09%

Black Population

1.30%

Mexican78.31% (2.41% of total population)
Puerto Rican6.78% (0.21% of total population)
Cuban1.69% (0.05% of total population)
Dominican0%
Salvadoran0%
Costa Rican1.53% (0.05% of total population)
Gautemalan4.41% (0.14% of total population)
Honduran1.36% (0.04% of total population)
Nicaraguan0%
Panamanian0%
Argentinean0%
Bolivian0%
Chilean1.69% (0.05% of total population)
Colombian1.36% (0.04% of total population)
Ecuadorian0.51% (0.02% of total population)
Peruvian0%
Uruguyan0%
Venezuelan2.37% (0.07% of total population)

Indian 101.53% (3.12% of total population)
Bangladeshi 0%
Chinese 71.53% (2.20% of total population)
Bhutanese 0%
Burmese 0%
Filipino 8.98% (0.28% of total population)
Hmong 1.53% (0.05% of total population)
Indonesian 0%
Japanese 1.69% (0.05% of total population)
Korean 72.03% (2.21% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 14.92% (0.46% of total population)
Srilankan 1.02% (0.03% of total population)
Taiwanese 9.66% (0.30% of total population)
Pakistani 14.92% (0.46% of total population)
Srilankan 1.02% (0.03% of total population)
Taiwanese 9.66% (0.30% of total population)
Thai 0%
Vietnamese 2.20% (0.07% of total population)

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Lake Forest, IL

Fraud Offenses100.00%

Burglary/Breaking & Entering22.22%
Destruction/Damage/Vandalism of Property44.44%
Larceny/Theft Offenses33.33%

Robbery100.00%

Assault Offenses100.00%

Real Estate Market Prediction for - Lake Forest, IL

City Hotspots
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