Is Lake Forest, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Nov 2021 | Nov 2022 | % |
|---|---|---|---|
| 1 Bedroom | $369K | $427.5K | +15.9% |
| 2 Bedrooms | $490K | $585K | +19.4% |
| 3 Bedrooms | $819K | $986.5K | +20.4% |
| 4 Bedrooms | $1.0M | $1.2M | +22.3% |
| 5+ Bedrooms | $1.3M | $1.4M | +14.8% |
Median Sold Price Compared To Nearby Cities
| Irvine | $1.0M | $1.2M | +29.0% |
| Irvine-Lake Forest | $961.7K | $1.2M | +26.1% |
| Lake Forest | $858.7K | $1.0M | +20.5% |
| Mission Viejo | $871.6K | $1.0M | +15.5% |
| Silverado | $746.7K | $820K | +9.8% |
How many homes are available in Lake Forest, CA?
Number of Homes For Sale
| Oct 2022 | Nov 2022 | % |
|---|---|---|
| 210 | 178 | -15.2% |
Homes For Sale By Bedroom Count
| # BEDS | Oct 2022 | Nov 2022 | % |
|---|---|---|---|
| 1 Bedroom | 12 | 9 | -25.0% |
| 2 Bedrooms | 50 | 38 | -24.0% |
| 3 Bedrooms | 51 | 41 | -19.6% |
| 4 Bedrooms | 64 | 61 | -4.7% |
| 5+ Bedrooms | 33 | 29 | -12.1% |
Number of Homes Sold
| Oct 2022 | Nov 2022 | % |
|---|---|---|
| 73 | 47 | -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
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 2021 | Nov 2022 | % |
|---|---|---|
| 14 Days | 32 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
Key Takeaway
Many homes in Lake Forest are selling fast, if you're buying plan to act quickly.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.