Why Live in Knollwood
Knollwood is a quiet Lake Bluff suburb located three miles from Lake Michigan’s western shore. With fewer than 2,000 residents, this neighborhood is characterized by private lots shaded by mature trees and adorned with foliage and flower gardens. Homes in Knollwood range from fixer-uppers to renovated craftsman-style houses, mostly built between the 1950s and 1970s, and sit on half-acre lots providing privacy uncommon in nearby communities. The area is served by highly rated schools, including Lake Bluff Elementary School, Lake Bluff Middle School, and Lake Forest High School. Residents enjoy local features such as playgrounds at West School, Sanctuary, and Knollwood parks, which also offer sports facilities like baseball diamonds, basketball courts, and soccer fields. Knollwood Club, a premier private country club, offers an 18-hole golf course, swimming pool, and a variety of social events. Nature enthusiasts can explore nearby preserves like Wilmot Woods, Independence Grove, and Old School forest preserves. For shopping and dining, Heinen’s Grocery Store and Target are less than a mile away, while downtown Waukegan and Lake Forest provide additional options. Local dining includes popular spots like Luke’s of Lake Bluff. Knollwood boasts below-average crime rates, making it safer than the national average. Residents are a 35-mile drive from downtown Chicago, with Interstate 94 and the Lake Forest Metra station offering convenient transportation options.
Frequently Asked Questions
What is the average home price in Knollwood, IL?
Homes for sale in Knollwood, IL have an average home price of $472,862.
Are home prices dropping in Knollwood?
Yes, home prices in Knollwood are down 3% in the last 12 months.
How many homes have sold over the last 12 months in Knollwood, IL?
6 homes have sold in Knollwood, IL over the last 12 months.
Is Knollwood, IL a safe city?
In general, the safest neighborhood in Knollwood, IL with lower crime scores is
Knollwood.
What are the most popular zip codes in Knollwood, IL?
What are the most popular neighborhoods in Knollwood, IL?
The most popular neighborhood in Knollwood, IL with the most homes for sale is
Knollwood.
How much do you need to make to afford a house in Knollwood?
The median home price in Knollwood is $437,500. If you put a 20% down payment of $87,500 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $97K a year to afford the median home price in Knollwood.
How are the schools in Knollwood, IL?
Home Trends in Knollwood, IL
On average, homes in Knollwood, IL sell after 22 days on the market compared to the national average of 50 days. The median sale price for homes in Knollwood, IL over the last 12 months is $410,000, down 5% from the median home sale price over the previous 12 months.
Median Sale Price
$410,000
Median Single Family Sale Price
$465,000
Median Townhouse Sale Price
$230,000
Average Price Per Sq Ft
$256
Number of Homes for Sale
2
Last 12 months Home Sales
6
Median List Price
$437,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-5%