Comprehensive market data and analysis• Updated Dec 2025
7.7 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 2 | 7 | 16 |
| 1-2 acres | - | 2 | 3 | 3 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | 2 | 2 | 2 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 4 | 6 | 12 | 21 |
Acreage buckets
The median price for land in Lake Forest, Illinois is currently $1.3M per acre. For a typical parcel, the median sale price is $550K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $394K while premium lots reached $950K.
Lake Forest, Illinois is currently a balanced market with 7.7 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 20.8% year-over-year.
Lake Forest, Illinois currently has 7.7 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 18 active listings in Lake Forest, Illinois. 4 new listings have hit the market in the last 90 days. The median asking price is $740K.
The 3-month absorption rate in Lake Forest, Illinois is 13.0%. The 12-month rate is 10.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Lake Forest, Illinois typically sells within 276 days of listing. The median time on market is 154 days. Properties are moving slowly in the current balanced market.
Over the past 12 months, Lake Forest, Illinois saw 23 properties sold, totaling $14.2M in sales volume. In just the last 3 months, 7 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
