Why Live in Terramere
Terramere, located in the northern part of Arlington Heights, IL, is a neighborhood that balances retail convenience, natural beauty, and residential tranquility. This suburb, which grew significantly during the 1950s, features a mix of home styles including ranch, split-level, Victorian, and multimillion-dollar homes. The neighborhood's winding streets surround Lake Terramere, providing a picturesque setting. Terramere is known for its highly rated schools, including Henry W. Longfellow Elementary School, Cooper Middle School, and John Hersey High School, which offers Advanced Placement and dual credit courses. Residents enjoy proximity to a bustling downtown shopping district just six minutes away, offering a variety of dining and retail options. Local highlights include Terramere Plaza, featuring the popular Yen Yen Restaurant, and Chase Plaza, home to Buffalo Restaurant & Ice Cream Parlor with its retro midcentury interior. Nature enthusiasts can explore the Buffalo Creek Forest Preserve with its extensive trails and wildlife, or enjoy Lake Terramere Park, which offers picnic areas, a playground, and fishing opportunities. The neighborhood is safer than the national average, providing peace of mind for residents. Additionally, Chicago is just an hour's drive away via Interstates 290 and 294, making it convenient for commuting or city excursions.
Home Trends in Terramere, IL
On average, homes in Terramere, Arlington Heights sell after 17 days on the market compared to the national average of 51 days. The median sale price for homes in Terramere, Arlington Heights over the last 12 months is $665,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$665,000
Median Single Family Sale Price
$667,500
Average Price Per Sq Ft
$247
Number of Homes for Sale
3
Last 12 months Home Sales
13
Median List Price
$649,450
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
-1%