Is Lake Forest, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Forest is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Lake Forest has remained a Seller's Market.

Key Takeaway

Lake Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lake Forest, CA cost?

Median Sold Price

$1,034,800

$573/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$176,098(+20.5%)

Key Takeaway

Homes in Lake Forest have sold for 20.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $369K$427.5K
+15.9%
2 $490K$585K
+19.4%
3 $819K$986.5K
+20.4%
4 $1.0M$1.2M
+22.3%
5+ $1.3M$1.4M
+14.8%

Median Sold Price Compared To Nearby Cities

Irvine
+29.0%
Irvine-Lake Forest
+26.1%
Lake Forest
+20.5%
Mission Viejo
+15.5%
Silverado
+9.8%

How many homes are available in Lake Forest, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
210178-15.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 129
-25.0%
2 5038
-24.0%
3 5141
-19.6%
4 6461
-4.7%
5+ 3329
-12.1%

Number of Homes Sold

Oct 2022Nov 2022%
7347-35.6%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Forest, you may be able to get a good deal. 68.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days32 Days+121.3%

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Forest are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake Forest, CA

Lake Forest, CA has 178 homes for sale to choose from. The inventory of homes for sale in Lake Forest, CA between October 2022 and November 2022 decreased by 15.2%. In November 2022 median list price was $1,034,800 and the average listing age was 32 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 15.9%, prices of 2 bedrooms properties increased by 19.4%, the cost of 3 bedrooms properties went up by 20.4%, the cost of 4 bedrooms properties went up by 22.3%, prices of 5 bedrooms properties increased by 14.8%. This housing market inventory have changed: number of 1 bedroom homes decreased by 25%, number of 2 bedrooms homes decreased by 24%, volume of 3 bedrooms homes went down by 19.6%, number of 4 bedrooms homes decreased by 4.7%, 5 bedrooms homes became 12.1% less available. Over 12 listings were sold over their listed price in November 2022 in Lake Forest, CA. In the same period over 32 listings were sold below the listed price and 3 listings were sold for the listed price.

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