Why Live in Cedar Lake
Cedar Lake, a neighborhood in northwest Indiana, originated as a resort destination for Chicagoans in the late 19th century. The lake, spanning 800 acres, remains a central feature, offering year-round activities including sailboat races and winter motorcycle races on the ice. Lemon Lake County Park is another local attraction, featuring a world-class disc golf course, walking paths, pavilions, a bird sanctuary, fishing spots, and two dog parks. The Cedar Lake Yacht Club adds to the vibrant community life. Home styles range from historic lakefront cottages to newly constructed houses, townhouses, and condos. The median house price is approximately $315,000, lower than nearby St. John and Crown Point. Cedar Lake benefits from lower property taxes compared to Illinois, with the state line only 7 miles west. The area is served by Crown Point Community School Corporation and Hanover Community School Corporation, both highly rated. Crime rates are lower than the national average, with significant declines in property crime since 2015. Dining options include popular waterfront restaurants like The Lighthouse Restaurant, with additional choices on Brunswick Road and Parrish Avenue. The closest major hospital, Franciscan Health Crown Point, is accessible via Interstate 65, located 13 miles east. While Cedar Lake lacks local bus service, commuters can use Gary Public Transportation express routes and South Shore Line trains from nearby Gary and East Chicago.
Home Trends in Cedar Lake, IN
On average, homes in Cedar Lake, IN sell after 59 days on the market compared to the national average of 50 days. The median sale price for homes in Cedar Lake, IN over the last 12 months is $319,950, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$319,950
Median Single Family Sale Price
$352,000
Median Townhouse Sale Price
$269,950
Median 2 Bedroom Sale Price
$354,500
Average Price Per Sq Ft
$191
Number of Homes for Sale
77
Last 12 months Home Sales
328
Median List Price
$345,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%