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Foreclosure Homes in Lake Forest, IL

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Lake Forest, IL Foreclosures

How much do homes sell for in Lake Forest, IL?
The average home price is currently $1,398,244.
In Lake Forest, IL, how many homes are available?
There are currently 206 active home listings available in Lake Forest.
What’s the average rental cost in Lake Forest, IL?
The average rental price in Lake Forest is $3,444.
What is the most expensive home in Lake Forest?
The most expensive home sold in Lake Forest had a price of $71,491,408.
What is currently the cheapest priced home in Lake Forest, IL?
The cheapest home for sale in Lake Forest is priced at $22,045.

Living in Lake Forest, IL

Lake Forest is an affluent city known for its scenic beauty, historic homes, and top-rated schools. With numerous parks, recreational facilities, and cultural amenities, it offers a high quality of life for its residents. The area provides easy access to both nature and suburban conveniences, with many outdoor activities available year-round.

Current Market Conditions in Lake Forest, IL

The real estate market in Lake Forest has seen a steady increase in home values over the past year. Buyers are attracted to the area's scenic beauty, excellent schools, and family-friendly environment. Luxury homes are particularly sought after, making the market competitive, while more affordable options are available for first-time buyers.

Home Value Estimator For Lake Forest, IL

There are currently 7,862 real estate properties in Lake Forest, IL, with a median automated valuation model (AVM) price of $1,126,534.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Forest, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Forest, IL, is $1,398,244.00, with the most expensive house in Lake Forest, IL, topping out at $71,491,408.00 and the cheapest home in Lake Forest, IL, clocking in at $22,045.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Forest, IL!

Rent Prices In Lake Forest, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Forest, IL, is on a rollercoaster ride. The average rent price in Lake Forest, IL, is $3,444.00. Indeed, when looking to rent in Lake Forest, IL, you can expect to pay as little as $930.00 or as much as $4,700.00, with the average rent median estimated to be $3,540.00. The good news is that finding an affordable and desirable property to rent in Lake Forest, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lake Forest, IL Foreclosures

Market Trend for Lake Forest, IL

Total Listings Available: 206

Market Values:

Home Prices from $22,045 to $71,491,408

Average Sales Price: $1,398,244

Rental Values:

Rental from $930 to $4,700

Average Rent Value: $3,444 / month

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