The Lake Forest housing market is very competitive. Homes in Lake Forest receive 6 offers on average and sell in around 29 days. The median sale price of a home in Lake Forest was $1.4M last month, up 51.4% since last year. The median sale price per square foot in Lake Forest is $674, up 13.9% since last year.
What is the housing market like in Lake Forest today?
In April 2024, Lake Forest home prices were up 51.4% compared to last year, selling for a median price of $1.4M. On average, homes in Lake Forest sell after 29 days on the market compared to 30 days last year. There were 69 homes sold in April this year, down from 77 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,400,000
+51.4% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Lake Forest, CA
$1,400,000
+51.4%
United States
To compare other locations to the Lake Forest and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Lake Forest's median sale price is 223% higher than the national average. Overall cost of living in Lake Forest is 51% higher than the national average. Learn which home features in Lake Forest add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lake Forest housing market?
Lake Forest is very competitive. Homes sell in 29 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 29 days.
Hot homes
can sell for about 6% above list price and go pending in around 15 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lake Forest
Explore recent offers and recently sold homes in Lake Forest
Recent offers
Offer Not Accepted|
5 Weeks Ago
~$800K Offer
Sold for $850K
3bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
28
Competing Offers
2
Down Payment
<10%
Misty Tracy
Lake Forest Redfin Agent
Buyers could only go up to 810. Accepted offer was in the 830's.
Offer Not Accepted|
5 Weeks Ago
~$1M Offer
Sold for $1.25M
7bd | 3ba | ~3,500sqft
Over List Price
7%
Days on Market
5
Competing Offers
23
Offer
All Cash
Misty Tracy
Lake Forest Redfin Agent
Property has over 23 cash offers, most higher than this offer. we had no opportunity to counter
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Forest housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Forest.
Risk Factor
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Forest has a minor risk of flooding. 169 properties in Lake Forest are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in Lake Forest. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Forest has a major risk of wildfire. There are 20,218 properties in Lake Forest that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Lake Forest.
Lake Forest has minimal risk of severe winds over the next 30 years
Wind Factor
Lake Forest has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.