What is a fair realtor commission in Lake Forest, IL?

Based on local market data — home values, how fast homes sell, and typical sale-to-list ratios — a fair listing-side commission in Lake Forest, IL is about 1.5% to 1.9%. Every home is different; the REcube calculator gives an address-specific number.

Are realtor commissions negotiable?

Yes. Since the 2024 NAR settlement, commissions are explicitly negotiable and are set by agreement between you and your agent — there is no standard rate.

Commission guide
Illinois

Fair commission guide · Lake Forest, IL

Selling in Lake Forest? A 2.5% commission may be overpaying by about $9,719.

Since the 2024 NAR settlement, listing commissions are fully negotiable — but what's fair depends on where you're selling. This is the modeled fair range for Lake Forest, built from public market data.

Lake Forest, IL · typical home $1,187,129

1.5–1.9% listing side

≈ $17,585 to $22,334 on a $1,187,129 sale

On a typical $1,187,129 Lake Forest home, a 2.5% listing commission is about $29,678. The fair range here works out to $17,585 to $22,334 — a gap of roughly $9,719 worth negotiating over.

Median days on market

Typical sale vs. list

100.7%

Market pace

red hot

Why the rate lands here

Lake Forest's market is red hot — well-priced homes attract buyers quickly, often with multiple offers, and much of the selling happens on its own.

Price level matters too: at Lake Forest's typical home value, an agent's dollar payout at a given percentage differs a lot from the national picture, and a fair percentage moves accordingly. We start from the typical post-settlement listing-side rate and adjust for local prices, market heat, and how much work a typical sale here takes.

This range is for a typical Lake Forest home. Your home isn't typical — its condition, your target price, and your exact zip all move the number, which is what the calculator is for.

Get the number for your exact address

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