Condos InLake Forest, IL

Lake Forest, IL Condo Market Report (In last 12 months)

Avg. List Price

$801,399 ($341/Sqft.)

Year-Over-Year List Price

5.93%

Total Listings

Avg. Days on Market

Avg. Sale Price

$742,452 ($316/Sqft.)

Year-Over-Year Sale Price

21.44%

Total Sold

Avg. HOA Fees/Sqft.

$5/monthly

Lake forest, IL Condo Market Overview

Nestled along the shores of Lake Michigan, Lake Forest exudes small-town charm combined with upscale living. This serene suburban haven is renowned for its sprawling estates and meticulously maintained landscapes, yet it offers a diverse condo market that caters to varying preferences and budgets. In the heart of the city, the Market Square area epitomizes elegance, featuring luxurious condos with refined finishes and exclusive amenities like private fitness centers and concierge services. For those seeking tranquility, the surrounding neighborhoods present charming condo communities that offer accessibility to the city's picturesque nature trails and parks, perfect for outdoor enthusiasts. Discover the vibrant local culture with its array of boutique shops, quaint cafes, and the renowned Lake Forest Symphony, all contributing to a welcoming and active community atmosphere. Whether you're drawn to the peaceful allure of the lakefront or the bustling activity of the Main Street, Lake Forest offers a harmonious blend of sophistication and serenity.

Condos For Sale In Lake Forest, IL

Popular Condos Neighborhoods in Lake Forest, IL

Explore Lake Forest, IL Neighborhoods

Lake Forest, IL is a picturesque gem nestled along the shores of Lake Michigan, renowned for its pristine natural beauty and well-preserved historic charm. This affluent enclave boasts lush parks, stunning architecture, and a thriving community spirit, offering an idyllic blend of peaceful suburban living and sophisticated cultural attractions.

Frequently Asked Questions About Lake Forest, IL

What is it like to live in Lake Forest?

Lake Forest, IL, is known for its upscale residential communities featuring spacious estates and historic homes. The city provides a tranquil living environment with extensive green spaces and is well-connected by commuter rail to Chicago. Residents enjoy access to top-rated schools and a charming downtown area with boutique shopping and dining options.

What is it like to live in Lake Forest?

Is Lake Forest expensive?

Lake Forest is one of the more affluent suburbs in Illinois, with a high median home price reflecting its desirable location and amenities. The area is known for its large estates, proximity to Lake Michigan, and strong school districts, which contribute to its higher real estate costs.

Is Lake Forest expensive?

How much is a condo in Lake Forest?

As of 2025, the average price for a condo in Lake Forest ranges from $350,000 to $800,000, depending on factors such as location and amenities. This affluent suburb is known for its spacious properties and proximity to Lake Michigan, influencing its real estate market.

How much is a condo in Lake Forest?

What are the safest neighborhoods in Lake Forest?

Lake Forest is known for its overall safety and low crime rate across the city. Areas such as East Lake Forest and the neighborhoods surrounding Lake Forest College are considered to be particularly safe, with a strong community focus and access to local amenities.