Lake Forest Real Estate Market Update – October 2025

Looking to move to Lake Forest? This real estate market update for October 2025 is a great resource for insights on the area and advice for buyers and sellers. 

Market Snapshot

Active Listings: 8 homes are currently on the market, averaging $707,375 and spending about 31 days on the market.

Closed Sales: 8 homes sold, averaging $1,368,250, and sold in roughly 22 days.

Pending Sales: 3 homes are under contract, averaging $668,300 and just 8 days on the market.

Cancelled Listings: 2 homes were cancelled, averaging $557,500 and lasting about 55 days on the market.

Key Trends

1. Closed sales averaged over $1.3 million, showing continued strength in the upper end of the Lake Forest market.

2. Homes under contract are moving exceptionally fast, with pending listings averaging only 8 days on market.

3. Active listings are priced significantly lower than the recent closed average, which may reflect a shift in pricing strategy or more mid-range inventory entering the market.

4. Cancelled listings highlight that overpricing or slower demand in certain price brackets can still cause listings to stall.

What This Means

For Buyers: Quick movement among pending homes means you’ll need to act fast when a well-priced property hits the market. However, with active listings priced below the recent closed average, there may be good value opportunities.

For Sellers: The Lake Forest market remains strong, particularly for well-positioned homes. Pricing correctly and presenting the home well can lead to a fast sale, as buyers remain motivated in this area.

Final Thoughts

The Lake Forest market in October 2025 shows impressive momentum, with high-value homes closing quickly and new listings moving fast when priced right. While a few homes have cancelled after longer market times, the overall pace is strong. This remains one of Louisville’s most active and desirable markets.