Why Live in Park City
Park City, located just five miles from Lake Michigan’s beach and 40 miles north of downtown Chicago, is a laid-back neighborhood known for its affordability and lower taxes compared to surrounding areas. Commuters appreciate the proximity to the Metra station in Waukegan, which offers an hour-and-a-half ride to Chicago. The neighborhood features a variety of home styles, including manufactured homes, bi-level, tri-level, ranch-style, and new traditional-style homes, with prices ranging from $25,000 to $500,000. Residents enjoy a range of things to do, from dining at local favorites like La Canoa and Big Ed’s BBQ to spending weekends at Waukegan Municipal Beach or exploring the Greenbelt and Lake Carina Forest Preserves. Park City’s parks, such as Robert H. Allen Park and Betty Limbrunner Park, provide basketball courts and playgrounds, fostering community engagement. For shopping, the neighborhood Walmart is a go-to spot. The area is safer than the national average, adding to its appeal for first-time homebuyers. While most errands require a car, the Pace Bus offers local transit options. Nearby amenities include Vista Medical Center East, less than five miles away, and O’Hare Airport, 30 miles away.
Frequently Asked Questions
What is the average home price in Park City, IL?
Homes for sale in Park City, IL have an average home price of $345,828.
How many homes have sold over the last 12 months in Park City, IL?
5 homes have sold in Park City, IL over the last 12 months.
What are the most popular zip codes in Park City, IL?
How much do you need to make to afford a house in Park City?
The median home price in Park City is $305,000. If you put a 20% down payment of $61,000 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $1,570 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $67K a year to afford the median home price in Park City.
How are the schools in Park City, IL?
Home Trends in Park City, IL
On average, homes in Park City, IL sell after 24 days on the market compared to the national average of 50 days. The median sale price for homes in Park City, IL over the last 12 months is $300,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$300,000
Median Single Family Sale Price
$315,000
Average Price Per Sq Ft
$210
Number of Homes for Sale
2
Last 12 months Home Sales
5
Median List Price
$305,000
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
0%