Unshakable ZIP Data 60047 | Forest Lake, IL Housing Market
Forest Lake · Lake County · Chicago-Naperville-Elgin, IL-IN-WI metro · Illinois · Data updated June 19, 2026
The median sale price in ZIP 60047, Forest Lake, Illinois is $686,796 at $260 per square foot. 146 single-family homes sold in the latest period, up 2.2 percent from a year earlier. Homes sit a median of 49 days on market with 3.4 months of supply. Sellers are getting 100.8 percent of list price and 51.4 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $667,334 | |
| Average price per sq ft | $253 | |
| Median sale price | $686,796 | |
| Median sale price per sq ft | $260 | |
| Median home size | 2,642 sq ft | |
| Median new listing price | $728,770 | +8.0% |
| National size rank | 1,602 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 146 | +2.2% |
| Median days on market | 49 days | |
| Months of supply | 3.4 months | |
| New listings | 223 | +5.4% |
| Active listings | 330 | +2.2% |
| Pending sales | 198 | +6.8% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 100.8% | +0.1 pts |
| Share sold above list | 51.4% | +5.3 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$345,610
3-bedroom
$488,666
4-bedroom
$748,123
5-bedroom
$972,210
These figures describe the single-family market for Forest Lake, Illinois ZIP 60047. They are market context, not a substitute for sold comps or a formal appraisal.