Real Estate Market Update for 60045 (Lake Forest, IL)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 19% from one year earlier and up 8% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just under 1-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 16% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 1-million dollars. The number of units sold Increased 50% year-over-year and Decreased 27% month-over-month Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 60045 (Lake Forest, IL)
Area Information for 60045 (Lake Forest, IL)
  • Community Character: Significant Percentage of Family Households, Nearby Military Facility(ies), Moderate Residential Turnover, Suburb of Chicago
  • Population: 21,167
  • Median Age: 34.41 yr
  • Median Commute Time: 23.2 mins
  • Educational Climate*: 5
  • Recycling Likelihood**: 138
  • Sales Tax: 7%
  • Population Density: 960/sq mi
  • Population Change Since 2000: -2%
  • Closest Airport: Chicago O'hare International
  • Closest College: Lake Forest College
  • Closest Jr. College: Worsham Coll Of Mortuary Sci
  • Median Household Income: $144,838
  • Annual Residential Turnover: 16.74%
  • Median Years in Residence: 4.16 yr
  • Median Home Sales Price: $710,750
  • Closest Major Sports Team: Chicago Rockstars
  • Change Avg. Household Income Since 2000: 7%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 60045 (Lake Forest, IL)
Median Age: 34.41 Married: 51% Number of Households: 7,513 Households with Children: 2,731
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60045 (Lake Forest, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Sally Potter School/lake Forest 0.3 mi Public 1-8 0 0
      Lake Forest Academy 0.9 mi Private 9-12 0 4
      Deer Path Middle School West 1.3 mi Public 7-8 4-5 3
      Deer Path Middle School East 1.4 mi Public 5-6 5 3
      Everett Elementary School 1.4 mi Public K-4 5 5
      Dearhaven Childcare & Learning Center 1.5 mi Private PRESCHOOL-K 0 0
      School Of St. Mary 1.6 mi Private PRESCHOOL-8 0 5
      Cherokee Elementary School 1.8 mi Public K-4 4-5 5
      Woodlands Acad Of The Sacred Hrt 2.1 mi Private 9-12 0 4
      Lake Forest High School 2.3 mi Public 9-12 5 4
      Sheridan Elementary School 2.6 mi Public K-4 4-5 4
      Montessori School Of Lake Forest 2.8 mi Private PRESCHOOL-9 0 4
      East Lake Academy 3.0 mi Private PRESCHOOL-8 0 5
      Rondout Elementary School 3.5 mi Public K-8 4-5 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 60045 (Lake Forest, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.