Why Live in Cedar Lake
Cedar Lake, a neighborhood known for its year-round appeal, offers a mix of recreational activities and community events. The area features various parks, including Lemon Lake County Park, which provides trails, playgrounds, and picnic spots. Cedar Lake itself is a hub for water activities, with a yacht club offering rentals for wave runners, pontoon boats, and kayaks. The neighborhood hosts annual events like the Kids Free Fishing Derby in June and the four-day Summer Fest in July, complete with a parade, fireworks, and a car show. Winter brings festive streets adorned with live Christmas trees. Dining options include Bugaboo’s Bar and Grill, known for its burgers and live music, and the romantic Lighthouse Restaurant. For daily needs, residents shop at Strack and Van Til. Housing in Cedar Lake ranges from updated summer cottages to ranch-style, two-story, and multi-level homes, many with manicured lawns and backyard firepits. The neighborhood is safer than the national average, making it a comfortable place to live. Schools in the area are highly rated, with Douglas MacArthur Elementary, Hanover Central Middle, and Hanover Central High School all receiving commendable grades. Located less than an hour southeast of Chicago, Cedar Lake combines the charm of lakefront living with the convenience of nearby city amenities, offering residents a variety of things to do.
Home Trends in Cedar Lake, IN
On average, homes in Cedar Lake, IN sell after 66 days on the market compared to the national average of 70 days. The median sale price for homes in Cedar Lake, IN over the last 12 months is $305,000, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$305,000
Median Single Family Sale Price
$342,000
Median Townhouse Sale Price
$389,999
Median 2 Bedroom Sale Price
$359,900
Median 1 Bedroom Sale Price
$305,000
Average Price Per Sq Ft
$358
Number of Homes for Sale
12
Last 12 months Home Sales
170
Median List Price
$349,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-16%