Lake Forest housing market update: prices steady, new listings flowing, mortgage rates near 6%
Lake Forest, CA – March 6, 2026 – Median sale price hovered near $1.09M in January; new listings kept coming as 30-year rates stayed near 6%.
Heading into early spring, the Lake Forest housing market looks steady: prices are holding near recent levels, but buyers appear less rushed than a year ago as homes take longer to sell.
Top takeaways
- Median sale price: $1.09M (January 2026), up 0.9% year over year.
- Time to sell: Median 73 days on market in January.
- Mortgage rate backdrop: 30-year fixed average at 6.00% (PMMS, March 5).
Market snapshot
Redfin’s January 2026 reporting shows 49 homes sold, with listings typically receiving about 2 offers on average. Prices are slightly higher than last year, but the longer marketing time points to a market where buyers are taking more time, negotiating more, and moving with less urgency than in 2025.
What’s for sale right now
- New supply remains active: 46 new listings, with a median listing price around $1.3M.
- Still competitive, not frenzied: Most homes for sale are spending about 31 days on market and receiving roughly 2 offers.
Locally, are you seeing more price cuts, more multiple offers, or more homes sitting longer before they go pending?