Why Live in Gages Lake
Gages Lake, a neighborhood with a rich history as a former vacation community, is now a vibrant residential area with around 10,000 permanent residents. The neighborhood is known for its diverse housing options, ranging from original Cape Cod cottages and remodeled vacation homes to modern Craftsman mansions and million-dollar properties. The area is particularly appealing due to its proximity to well-rated schools, including Woodland Primary, Elementary, and Intermediate Schools, as well as Warren Township High School. Gages Lake offers a variety of attractions, with the lake itself being a central feature, surrounded by community beach parks and hosting events like Harvest Fest and ice fishing derbies. Residents enjoy recreational activities at Warren Township Park, which features sports courts, a skate park, and a sledding hill. Shopping and dining options are abundant, with Gurnee Mills, a major retail destination, located 4 miles northeast. The neighborhood benefits from its location near Interstate 94, providing easy access to Chicago, 42 miles southeast, and Chicago O'Hare International Airport, 30 miles away. Despite the proximity to Six Flags Great America, the amusement park's traffic rarely impacts the neighborhood due to effective traffic management by the interstate.
Home Trends in Gages Lake, IL
On average, homes in Gages Lake, IL sell after 17 days on the market compared to the national average of 50 days. The median sale price for homes in Gages Lake, IL over the last 12 months is $295,000, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$295,000
Median Single Family Sale Price
$300,000
Median 2 Bedroom Sale Price
$225,000
Median 1 Bedroom Sale Price
$110,000
Average Price Per Sq Ft
$184
Number of Homes for Sale
2
Last 12 months Home Sales
59
Median List Price
$299,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%