Real Estate Market Update for Lake Forest, IL
Welcome to December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was up 10% from one year earlier, and down 16% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 1.3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 69%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 700-thousand dollars. The number of units sold decreased 45% year-over-year, and decreased 22% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
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Map Information for Lake Forest, IL
Area Information for Lake Forest, IL
  • Population: 19,487
  • Median Age: 44.7 yr
  • Median Commute Time: 23.1 mins
  • Educational Climate*: 5
  • Sales Tax: 7.5%
  • Population Density: 1,134/sq mi
  • Population Change Since 2000: -3.94%
  • Closest Airport: Chicago O'hare International
  • Closest College: Lake Forest College
  • Closest Jr. College: Worsham College-mortuary Science
  • Median Household Income: $140,963
  • Annual Residential Turnover: 16.8%
  • Median Years in Residence: 4.23 yr
  • Median Home Sales Price: $650,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lake Forest, IL
Median Age: 44.7 Married: 45% Number of Households: 6,835 Households with Children: 2,438
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 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
      School Of St Mary (primary Grade Center) 1.0 mi Catholic - 0 0
      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 Catholic PRESCHOOL-8 0 5
      Cherokee Elementary School 1.8 mi Public K-4 4-5 5
      Woodlands Academy Of The Sacred Heart 2.1 mi Catholic 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 Catholic 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 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.