Why Live in Lake Villa
Up in Chicago's Chain O’ Lakes, Lake Villa feels like an escape from city living. Glacial movements and melts formed the region’s lakes, which offer swimming, fishing and boating across its 15 interconnected lakes. Lake Villa’s almost 9,000 residents can access the beaches and boat launches along Deep and Cedar Lakes. While other communities in Lake County have built up their communities with extensive downtowns and commercial scenes, Lake Villa seems focused more on nature and a quiet lifestyle. “It’s a great community for people who want a small sense of community but want to embrace having outdoor activities to do,” says Realtor Chicky Johnson with RE/MAX Suburban and lifelong Lake Villa resident. “Almost every neighborhood has a forest preserve or water right next to it.” Lake Villa’s median housing price is about $368,000, just under the national median. Most homes around the village are New Traditionals, like the houses and townhomes in the Painted Lakes subdivision up by the forest preserve. Other communities feature split-level and ranch-style homes. There are some lakeside homes, especially along Deep Lake, built in more eclectic, custom designs and with private docks.
Home Trends in Lake Villa, IL
On average, homes in Lake Villa, IL sell after 26 days on the market compared to the national average of 50 days. The median sale price for homes in Lake Villa, IL over the last 12 months is $375,000, up 14% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$380,000
Median Townhouse Sale Price
$285,000
Average Price Per Sq Ft
$186
Number of Homes for Sale
37
Last 12 months Home Sales
202
Median List Price
$377,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%