How much do homes under $1M cost in Forest Lakes, AZ?

The median list price of homes under $1M for sale in Forest Lakes, AZ is $554,000, or $429 per square foot. Over the last 12 months, homes in Forest Lakes, AZ sold for a median of $522,500.

How much do you need to make to afford homes under $1M in Forest Lakes, AZ?

Roughly $146,000 a year at the median list price of $554,000. With 20% down and a 30-year loan at this week's average rate of 7.18%, the payment comes to about $3,418 a month with property taxes and insurance, and lenders often look for housing costs of about 28% of gross income or less. Your debts, down payment and credit all change the number.

Is Forest Lakes, AZ a buyer's or seller's market?

Forest Lakes, AZ is a buyer's market for homes right now. There are 6.4 months of homes for sale at the current pace of sales (under 4 months usually favors sellers, over 6 favors buyers). Homes are selling for a median of 96.8% of the asking price, and 0% of homes for sale have had a price cut.

Do homes in Forest Lakes, AZ sell above or below asking price?

Mostly below asking. Homes in Forest Lakes, AZ sold for a median of 96.8% of the final list price over the last 12 months, and 14.3% of recent sales closed above list.

How fast are homes selling in Forest Lakes, AZ?

Homes that sold in Forest Lakes, AZ over the last 6 months went under contract in a median of 50 days. Homes under $1M for sale now have been listed for a median of 115 days.

Are home prices in Forest Lakes, AZ going up or down?

About flat. Homes that sold in Forest Lakes, AZ in the last 6 months went for a median of $385 per square foot, compared with $392 in the 6 months before. Mountain-town prices swing with the seasons, so treat this as a rough guide.

How many homes under $1M are for sale in Forest Lakes, AZ right now?

There are 14 listings of homes under $1M in Forest Lakes, AZ: 13 for sale and 1 pending or under contract.

Is it a good time to sell a home in Forest Lakes, AZ?

Buyers have the upper hand in Forest Lakes, AZ right now, with 6.4 months of homes for sale, so pricing it right from day one matters most. Recent sales went under contract in a median of 50 days at 96.8% of list.

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Forest Lakes, AZ Homes for Sale Under $1M

14 listings

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5 bed house at 1455 LITTLE PINE Trail, Forest Lakes

House for sale

$975,000

5 bds | 2 ba | 2,620 sqft | 1.01 acres

Wooded views • No HOA • Basement

1455 LITTLE PINE Trail, Forest Lakes, AZ 85931

HomeSmart

3 bed house at 1640 Sheep Springs Road, Forest Lakes

Price cut: $25,000 (11/2)

House for sale

$500,000

3 bds | 1 ba | 1,120 sqft | 1 acres

Wooded views • Horses allowed • No HOA

1640 Sheep Springs Road, Forest Lakes, AZ 85931

ARIZONA RESOURCE REALTY

3 bed manufactured home at 659 MULE SPRINGS Trail, Forest Lakes

Price cut: $5,000 (10/30)

Manufactured home for sale

$385,000

3 bds | 2 ba | 1,378 sqft | 1.14 acres

Horses allowed • No HOA • 2-car garage

659 MULE SPRINGS Trail, Forest Lakes, AZ 85931

Real Estate Brokers Intl

3 bed house at 1233 Merzville Road, Forest Lakes

Pending

House for sale

$685,000

3 bds | 2 ba | 2,178 sqft | 1 acres

Horses allowed • 4-car garage • Fireplace

1233 Merzville Road, Forest Lakes, AZ 85931

Realty ONE Group

2 bed house at 2486 BAILEY Drive, Forest Lakes

Price cut: $12,750 (9/4)

House for sale

$412,250

2 bds | 1 ba | 960 sqft | 1.04 acres

Wooded views • No HOA • Fireplace

2486 BAILEY Drive, Forest Lakes, AZ 85931

Real Estate Brokers Intl

4 bed house at 1626 QUAIL Trail, Forest Lakes

Price cut: $29,100 (9/17)

House for sale

$899,900

4 bds | 3 ba | 3,230 sqft | 1.12 acres

Wooded views • Horses allowed • No HOA

1626 QUAIL Trail, Forest Lakes, AZ 85931

Real Estate Brokers Intl

3 bed house at 2524 OLD RIM Road, Forest Lakes

Price cut: $54,846,000 (9/24)

House for sale

$554,000

3 bds | 2 ba | 1,939 sqft | 1 acres

Horses allowed • No HOA • Fireplace

2524 OLD RIM Road, Forest Lakes, AZ 85931

Real Estate Brokers Intl

3 bed house at 341 PINTO Road, Forest Lakes

246 days on market

House for sale

$699,900

3 bds | 2 ba | 1,350 sqft | 1.03 acres

Wooded views • Horses allowed • No HOA

341 PINTO Road, Forest Lakes, AZ 85931

Real Estate Brokers Intl

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Found for you by Teri & Jenny · West USA Realty

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3 bed house at 2644 Summer Loop, Forest Lakes

65 days on market

House for sale

$549,000

3 bds | 2 ba | 1,344 sqft | 1.01 acres

Wooded views • Horses allowed • Fireplace

2644 Summer Loop, Forest Lakes, AZ 85931

West USA Realty

3 bed house at 1777 S Forest Trail, Forest Lakes

Price cut: $20,000 (9/4)

House for sale

$629,900

3 bds | 2 ba | 1,339 sqft | 1.01 acres

Wooded views • Horses allowed • No HOA

1777 S Forest Trail, Forest Lakes, AZ 85931

Real Estate Brokers Intl

2 bed house at 2425 TALL TREES Loop, Forest Lakes

Price cut: $24,000 (9/9)

House for sale

$575,000

2 bds | 2 ba | 1,428 sqft | 1 acres

Horses allowed • No HOA • Fireplace

2425 TALL TREES Loop, Forest Lakes, AZ 85931

West USA Realty

3 bed house at 3910 LARSON Loop, Forest Lakes

218 days on market

House for sale

$750,000

3 bds | 3 ba | 1,728 sqft | 1 acres

Horses allowed • No HOA • Basement

3910 LARSON Loop, Forest Lakes, AZ 85931

Real Estate Brokers Intl

2 bed house at 1053 POND Circle, Forest Lakes

193 days on market

House for sale

$379,000

2 bds | 1 ba | 720 sqft | 1.06 acres

Wooded views • Horses allowed • No HOA

1053 POND Circle, Forest Lakes, AZ 85931

Mountain Retreat Realty Expert

2 bed manufactured home at 2224 Daisy Trail, Forest Lakes

194 days on market

Manufactured home for sale

$350,000

2 bds | 1 ba | 368 sqft | 1.01 acres

Wooded views • Horses allowed • No HOA

2224 Daisy Trail, Forest Lakes, AZ 85931

Real Estate Brokers Intl

Listing data provided by Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Listing data provided by Central Arizona Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Forest Lakes real estate market questions

How much do homes under $1M cost in Forest Lakes, AZ?: The median list price of homes under $1M for sale in Forest Lakes, AZ is $554,000, or $429 per square foot. Over the last 12 months, homes in Forest Lakes, AZ sold for a median of $522,500.
How much do you need to make to afford homes under $1M in Forest Lakes, AZ?: Roughly $146,000 a year at the median list price of $554,000. With 20% down and a 30-year loan at this week's average rate of 7.18%, the payment comes to about $3,418 a month with property taxes and insurance, and lenders often look for housing costs of about 28% of gross income or less. Your debts, down payment and credit all change the number.
Is Forest Lakes, AZ a buyer's or seller's market?: Forest Lakes, AZ is a buyer's market for homes right now. There are 6.4 months of homes for sale at the current pace of sales (under 4 months usually favors sellers, over 6 favors buyers). Homes are selling for a median of 96.8% of the asking price, and 0% of homes for sale have had a price cut.
Do homes in Forest Lakes, AZ sell above or below asking price?: Mostly below asking. Homes in Forest Lakes, AZ sold for a median of 96.8% of the final list price over the last 12 months, and 14.3% of recent sales closed above list.
How fast are homes selling in Forest Lakes, AZ?: Homes that sold in Forest Lakes, AZ over the last 6 months went under contract in a median of 50 days. Homes under $1M for sale now have been listed for a median of 115 days.
Are home prices in Forest Lakes, AZ going up or down?: About flat. Homes that sold in Forest Lakes, AZ in the last 6 months went for a median of $385 per square foot, compared with $392 in the 6 months before. Mountain-town prices swing with the seasons, so treat this as a rough guide.
How many homes under $1M are for sale in Forest Lakes, AZ right now?: There are 14 listings of homes under $1M in Forest Lakes, AZ: 13 for sale and 1 pending or under contract.
Is it a good time to sell a home in Forest Lakes, AZ?: Buyers have the upper hand in Forest Lakes, AZ right now, with 6.4 months of homes for sale, so pricing it right from day one matters most. Recent sales went under contract in a median of 50 days at 96.8% of list. See what your Forest Lakes home is worth →

From MLS listings and sales, updated every 30 minutes. Last updated Nov 7, 2026.

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