Why Live in Lynwood
Lynwood, a village incorporated in 1959, offers a mix of spacious farmland and suburban streets along the Illinois-Indiana state line, located 27 miles south of downtown Chicago. This bedroom community is known for its quiet living and proximity to amenities, green spaces, and recreational facilities. Brownell Woods, part of the Forest Preserves of Cook County, provides residents with 12 miles of hiking trails, creek fishing, and bird watching, making it a popular spot for outdoor activities and picnicking. For sports enthusiasts, Southland Center on Volbrecht Road offers facilities for volleyball, basketball, and baseball, along with summer camps and sports programs for young athletes. Dining options include Game Tyme Sports Bar & Grill, where locals enjoy pool games and a variety of dishes like chicken tacos and jumbo shrimp. Retail therapy is available at Highland Grove Shopping Center, just 7 miles east, featuring stores like Target and Nordstrom Rack. Lynwood's residential streets showcase a variety of home styles, from midcentury split levels and brick ranches to farmhouses and Cape Cods, with new developments continually emerging. Lakefront homes on Lake Shore Drive and Lake Lynwood Drive offer picturesque views and summer activities like paddleboarding and kayaking. The area is safer than the national average, contributing to its appeal as a peaceful retreat. Residents benefit from major highway access via Interstate 94, facilitating commutes to Chicago, and the nearby Lansing Municipal Airport.
Frequently Asked Questions
What is the average home price in Lynwood, IL?
Homes for sale in Lynwood, IL have an average home price of $325,110.
Are home prices dropping in Lynwood?
Yes, home prices in Lynwood are down 5% in the last 12 months.
How many homes have sold over the last 12 months in Lynwood, IL?
77 homes have sold in Lynwood, IL over the last 12 months.
What are the most popular zip codes in Lynwood, IL?
How much do you need to make to afford a house in Lynwood?
The median home price in Lynwood is $314,900. If you put a 20% down payment of $63,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,640 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $70K a year to afford the median home price in Lynwood.
How are the schools in Lynwood, IL?
Home Trends in Lynwood, IL
On average, homes in Lynwood, IL sell after 58 days on the market compared to the national average of 50 days. The median sale price for homes in Lynwood, IL over the last 12 months is $295,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$295,000
Median Single Family Sale Price
$333,000
Median Townhouse Sale Price
$260,000
Median 2 Bedroom Sale Price
$113,500
Average Price Per Sq Ft
$159
Number of Homes for Sale
33
Last 12 months Home Sales
77
Median List Price
$314,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%
