Lake Forest Real Estate Market Update – September 2025

Looking to move to Lake Forest in Louisville, Kentucky? Check out this real estate market report for September 2025 and what this could mean for your buying or selling experience.

Market Snapshot

Active Listings: 7 homes are currently on the market, averaging $727,414 and spending about 40 days on the market.

Closed Sales: 5 homes sold, averaging $651,960, and taking about 45 days to sell.

Pending Sales: 5 homes are under contract, averaging $1.37 million and spending just over 15 days on the market.

Cancelled Listings: 3 homes were cancelled, averaging $739,633 and lasting about 21 days on the market.

Expired Listings: 2 homes expired unsold, averaging $596,900 and sitting for nearly 118 days.

Key Trends

1. Closed sales are averaging just under $652K, showing consistent demand in the mid-to-upper price points.

2. Pending sales are significantly higher, at $1.37M on average, highlighting strong luxury activity.

3. Active listings are priced higher than closed averages, which could extend selling times if not aligned with market demand.

4. Expired and cancelled homes emphasise the risks of overpricing, especially as expired listings sat for almost four months.

What This Means

For Buyers: Expect competition for well-priced homes. Luxury opportunities are present, but homes priced too high may provide room for negotiation.

For Sellers: Price positioning remains critical. Homes aligned with the market are selling within 45 days or less, while overpriced homes risk sitting unsold.

Final Thoughts

The Lake Forest market in September 2025 shows both strength in the mid-price ranges and significant activity at the luxury level. Homes priced correctly are selling in a month and a half or less, while overpriced listings are dragging on the market. The message is clear: strategy and pricing make all the difference.