Why Live in Village of Lakewood
Village of Lakewood is a neighborhood characterized by multiple subdivisions with large contemporary homes featuring colonial influences, built in the late 90s and early 2000s. Homes typically sit on half-acre to over-acre lots with landscaped gardens. Communities like Falcon Greens and The Highlands at Red Tail offer New Traditional townhomes and condos. The area has a lower crime rate compared to the national average. Turnberry Golf Club and Red Tail Golf Club provide ample recreational opportunities with golf courses and tennis courts. Crystal Lake, a short drive away, offers public beaches, boat launches, and fishing spots. Dining options include Konrad’s Bakery, Lou Malnati’s Pizzeria, and 1776 Restaurant, which features seafood dishes. For groceries, Mariano’s supermarket and The Commons of Crystal Lake are about 4 miles away. The Dole, a historic mansion, hosts community events and a farmers market. The neighborhood lacks public transportation and bike lanes, so residents rely on cars. Downtown Crystal Lake and the Metra station are about 4.5 miles away, connecting to downtown Chicago, 54 miles south. Schools include highly rated West Elementary School, South Elementary School, Richard Bernotas Middle School, and Crystal Lake Central High School, which offers specialized industry programs.
Home Trends in Village of Lakewood, IL
On average, homes in Village of Lakewood, Lakewood sell after 35 days on the market compared to the national average of 51 days. The median sale price for homes in Village of Lakewood, Lakewood over the last 12 months is $555,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$555,000
Median Single Family Sale Price
$585,000
Median Townhouse Sale Price
$336,500
Median 2 Bedroom Sale Price
$299,900
Average Price Per Sq Ft
$185
Number of Homes for Sale
13
Last 12 months Home Sales
47
Median List Price
$572,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%