Why Live in Green Oaks
Green Oaks, in the northwest Chicago suburbs, offers a rural lifestyle with homes on larger lots, about 40 miles from downtown Chicago. Known for its green spaces and undeveloped land, thanks to Lake County's land conservancy efforts, homes here typically sit on at least half an acre. The area features a mix of ranch-style, split-level, Cape Cod, contemporary Tudors, and farmhouses, mostly built in the 1970s and 1990s. Green Oaks is served by highly rated schools, including Oak Grove School for kindergarten through eighth grade and Libertyville High School, which offers specialized courses in Applied Technology.
The neighborhood features several points of interest, such as the Old School Forest Preserve with over five miles of trails for various outdoor activities and the Middlefork Savanna Forest Preserve, known for its hiking and biking trails and protected wetlands. The Atkinson Open Space Trail provides a shaded mile-long path, while Lambs Farm offers a petting zoo, playground, miniature golf, café, and bakery. Dining options include Rita’s Bar & Grill, famous for its Friday fish fry, and North Shore Distillery, which offers locally sourced spirits and a tasting room for events. Shopping is convenient with a nearby Target and Heinen’s Grocery, and Heinz Orchard provides apple picking in the fall.
Green Oaks has a lower crime risk compared to the national average. Commuting is facilitated by Metra trains from Libertyville or Lake Forest stations, with trips to downtown Chicago taking about an hour. O’Hare International Airport is approximately 25 miles away. Major employers like Abbott Laboratories and Cardinal Health are located nearby, reducing the need for long commutes.
Frequently Asked Questions
What is the average home price in Green Oaks, IL?
Homes for sale in Green Oaks, IL have an average home price of $765,182.
How many homes have sold over the last 12 months in Green Oaks, IL?
24 homes have sold in Green Oaks, IL over the last 12 months.
What are the most popular zip codes in Green Oaks, IL?
How much do you need to make to afford a house in Green Oaks?
The median home price in Green Oaks is $649,000. If you put a 20% down payment of $129,800 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $144K a year to afford the median home price in Green Oaks.
How are the schools in Green Oaks, IL?
Home Trends in Green Oaks, IL
On average, homes in Green Oaks, IL sell after 31 days on the market compared to the national average of 50 days. The median sale price for homes in Green Oaks, IL over the last 12 months is $611,250, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$611,250
Median Single Family Sale Price
$664,500
Average Price Per Sq Ft
$230
Number of Homes for Sale
3
Last 12 months Home Sales
24
Median List Price
$649,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-8%