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Multi-family homes for sale in Lake Forest, IL

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Lake Forest, IL Real Estate Market Overview

There are no multi-family homes for sale in Lake Forest, IL. The following market insights reflect all property types in the Lake Forest, IL real estate market. In June 2025 in Lake Forest, IL there were 7.7% more homes for sale than in May 2025. The median list price of listings available in June 2025 was $1,195,000, while the average time on the real estate market was 23 days. Lake Forest, IL housing market in June 2025 saw over 12 listings sold above listed price, more than 5 sold at listed price and over 25 sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Lake Forest, IL

Lake Forest is located in Lake County, Illinois. There are roughly 17,882 residents, living in 6,359 households. The average temperature for Lake Forest this time of the year is low of 63F and high of 82F. On average, Lake Forest gets about 3.65 inches of precipitation in July. Most residents are home owners (86%), have a post secondary degree (64%) and are married, no kids (38%).

Data provided by Home Junction

Schools near Lake Forest, IL

Elementary Schools

  • Cherokee Elementary School

    475 Cherokee Rd

    Public District KG-4

  • Everett Elementary School

    1111 Everett School Rd

    Public District KG-4

  • Sheridan Elementary School

    1360 N Sheridan Rd

    Public District PK-4

Middle Schools

  • Deer Path Middle School East

    95 W Deerpath

    Public District 5-6

  • Deer Path Middle School West

    155 W Deerpath

    Public District 7-8

  • Lake Bluff Middle School

    31 E Sheridan Pl

    Public District 6-8

High Schools

  • Lake Forest High School

    1285 N McKinley Rd

    Public District 9-12

Data provided by Great Schools

Housing market reports in Lake County

Homes for sale near Lake Forest, IL

Top real estate cities in Illinois

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*Based on Rocket Mortgage data in comparison to public data records.

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