Why Live in Mettawa
Mettawa, IL, named after a Potawatomi chief, offers a blend of posh rural living and modern amenities. Located five miles from Lake Michigan and 35 miles north of downtown Chicago, this village is known for its commitment to nature conservation, featuring five nature preserves. Housing options range from luxury estates with over 8,000 square feet to mid-century ranch-style homes on lots spanning one to ten acres. Residents enjoy the tranquility of large lots and wooded lanes, yet have easy access to shopping and dining in nearby Libertyville and Lake Forest. Schools in the area are highly rated, with Rondout School and Libertyville High School both receiving high marks for their educational quality. Mettawa is a haven for equestrians, offering facilities like Celebration Farm and Always Faithful Equestrian Club, as well as extensive riding trails. Outdoor enthusiasts can explore the Old School Forest Preserve and Captain Daniel Wright Woods Forest Preserve, which offer activities such as hiking, biking, fishing, and kayaking. Commerce is centered along North Milwaukee Avenue, featuring popular spots like Whole Foods, Lazy Dog Restaurant & Bar, and Oaken Bistro. The Vernon Hills Metra Station and Interstate 94 provide convenient transportation options to downtown Chicago. Additionally, the winds off Lake Michigan contribute to excellent air quality in the area.
Frequently Asked Questions
What is the average home price in Mettawa, IL?
Homes for sale in Mettawa, IL have an average home price of $890,299.
Are home prices dropping in Mettawa?
Yes, home prices in Mettawa are down 29% in the last 12 months.
How many homes have sold over the last 12 months in Mettawa, IL?
9 homes have sold in Mettawa, IL over the last 12 months.
What are the most popular zip codes in Mettawa, IL?
How much do you need to make to afford a house in Mettawa?
The median home price in Mettawa is $767,450. If you put a 20% down payment of $153,500 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,970 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $170K a year to afford the median home price in Mettawa.
How are the schools in Mettawa, IL?
Home Trends in Mettawa, IL
On average, homes in Mettawa, IL sell after 18 days on the market compared to the national average of 50 days. The median sale price for homes in Mettawa, IL over the last 12 months is $730,000, down 30% from the median home sale price over the previous 12 months.
Median Sale Price
$730,000
Median Single Family Sale Price
$754,500
Average Price Per Sq Ft
$282
Number of Homes for Sale
3
Last 12 months Home Sales
9
Median List Price
$767,450
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-30%