Why Live in Lake Villa
Lake Villa, situated between Cedar Lake and Deep Lake, is a tranquil lake town in Chicagoland’s Chain O’Lakes. The community features a quaint downtown area and offers a variety of outdoor activities, including swimming, fishing, and boating. Lehmann Park provides access to Cedar Lake with beaches and boat launches, while Deep Lake offers similar amenities. Sun Lake Forest Preserve, with its 3.25 miles of trails, is ideal for hiking, biking, and cross-country skiing, though its shoreline is not suitable for swimming or boating. The neighborhood is known for its mix of historic homes and modern residences, including New Traditional homes and townhouses in the Painted Lakes subdivision. Custom builds, modest bungalows, and ranches are common, many within walking distance of the lakes. Lake Villa hosts several community events, such as the Live Music in the Parks concert series and the Celebration of Fall. Dining options include Reflections on Deep Lake, known for its Polish cuisine, and Timothy O’Toole’s Pub in downtown Lake Villa. While the town lacks major grocery stores, residents can shop at nearby Venetian Village or Gurnee Mills, 7.5 miles away. The area is served by highly rated schools, including Olive C. Martin Elementary School, Peter J. Palombi Middle School, and Lakes Community High School. Safety in Lake Villa is comparable to the national average. Commuters can reach downtown Chicago or Milwaukee, both 52 miles away, via I-94 or the Metra. Chicago O’Hare International Airport is 40 miles from Lake Villa.
Home Trends in Lake Villa, IL
On average, homes in Lake Villa, IL sell after 23 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Villa, IL over the last 12 months is $392,500, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$392,500
Median Single Family Sale Price
$392,500
Median Townhouse Sale Price
$235,000
Average Price Per Sq Ft
$187
Number of Homes for Sale
5
Last 12 months Home Sales
30
Median List Price
$409,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
17%